Question: 60 days before my tenants’ lease expires, I always send a renewal letter telling them what their options are: they can sign a new lease, they can stay on a month-to-month lease at a higher rental rate, or they can terminate their lease. Recently, I sent out one of these letters but then started [...]
What information can you ask for, and what information should the old landlord provide? In the rental industry, it has become common practice that when landlords qualify potential applicants, they send out rental verification forms to previous landlords. This is a good way to get some insight into how the applicant will be as a [...]
Over the years, we at WZP Legal, have presented at AZREIA and written numerous articles for this newsletter, about the importance of fair housing laws. Whenever we give a presentation, AZREIA members come to us with a “quick question” and ask us what is the best thing they can do, to avoid violating fair housing [...]
Question: My tenant moved into my single-family home four months ago and still has not put the utilities in their name, as required by the lease. Can I shut off the power? Answer: In Arizona, there is never a situation where the owner can turn off the power. Under Arizona law, you should serve a [...]
Question: My lease automatically goes month-to-month when it expires, unless the tenant or I give notice. If I want to increase the rent, what do I have to do? Answer: An increase in the rent, is basically you terminating the old lease, and starting a new one, using all the old terms except for increasing [...]
More than three-quarters of Americans now view renting as more affordable than owning a home, the latest sign that rising mortgage rates and higher home prices will continue to pressure home sales. Some 78% of people now say that renting is more affordable than owning, according to survey data to be released Tuesday by mortgage [...]