Rental Property Registration

Rental properties can be a great investment but they can also be a headache. One way to eliminate potential headaches is to know the laws governing rental properties in Arizona.  Many landlords are not aware of an Arizona statute which requires landlords to register their rental property with the assessor in the county where the property is located.  There usually is a form that needs to be submitted to the applicable Assessor’s office with a small fee.  Updates of the form are required to notify of changes in the information previously provided, such as a change in the landlord’s address.

Our firm previously dealt with a case where a landlord failed to abide by this statute and a savvy tenant was able to terminate her lease after following the notification requirements set forth in the statute.  Essentially, the tenant notified the landlord that she was going to terminate her tenancy after she delivered a notice to the landlord and his property manager giving the landlord 10 days to comply with the statute.  The notice went to a wrong address for the landlord, he never received it, and the landlord’s property manager never told him about the notice.  The landlord thus did not comply with the statute and the tenant was able to terminate the rental agreement.

We highly recommend that you submit ASAP.  Failure to do so could result in your tenant terminating the lease early, having to return prepaid rent to the tenant, a civil penalty of $1,000 plus $100 per month thereafter until compliance with the law, or $150 per day until compliance with the law. Doing so will provide peace of mind.

At Hymson Goldstein Pantiliat & Lohr, PLLC Our Business Is Your Peace of Mind^®.

Written by Attorney Lori Brown.

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