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?
landlords
Landlords Need to Know Their Tenants
I remember the morning of Sept. 11, 2001, as if it were yesterday. I believe that to be true for most of us. Things changed in our country after 9/11, from security checks at airports to the questions banks asked of us when we opened new accounts, to the information required to apply for a loan. The residential leasing world also came under question as some of the known terrorists were tenants, renting in our state. The purpose of this article is not to engage in political debate about the … [Read more...] about Landlords Need to Know Their Tenants
