Going into the new year, just about everyone has heard the big news: The real estate market is slowing down. Crazy annual price spikes are waning, more properties are hitting the market, and there are fewer buyers to compete with. Everyone is wondering what that means for 2019. Will all long-frustrated, aspiring homeowners finally be able crack open […]
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 10-day […]
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 the […]
Landlords often participate in Section 8 or other subsidized rent programs. They figure that jumping through the extra red tape and government regulations, is worth getting their funds guaranteed on the first of the month. We generally don’t take a position on whether clients should participate in Section 8 or not, or any other subsidized […]
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 company […]