In most circumstances, it is a given that landlords want to collect the largest security deposit possible in order to offset their risk. Landlords can use security deposits to compensate for monetary losses such as unpaid rent and/or damage to their property by the tenant. Did you know in the state of Arizona landlords are limited in the amount of security deposit that they can legally demand? Per the Arizona Residential Landlord and Tenant Act: Article 2 – Landlord Obligations 33-1321. … [Read more...] about What Should Landlords Collect for a Security Deposit?
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