A Hairy Issue
Harry's tenant is very angry, and leaves the house she's been
renting from him a complete disaster. He's had to spend $3,000
just to clean it up. He asks her to pay for the damages, but she
refuses, so he has to pay for all of the clean-up out of his own
pocket. His losses could have been mitigated if he'd required
a(n) ______ as part of the original lease. Correct Answers
Security deposit
A security deposit ensures the landlord isn't left with
extraordinary expenses or unpaid rent when a tenant vacates.
A house or unit in a condominium, cooperative, or timeshare
that is also a transient public lodging establishment or owner-
occupied residential home offered for transient use Correct
Answers Vacation rental/short-term rental
A lease in which the tenant is required to pay rent plus taxes,
insurance, and maintenance costs Correct Answers Triple net
lease (NNN)
A lease where the base rent is kept the same for the duration of
the lease Correct Answers Fixed lease
A triple net lease, Correct Answers referred to as NNN, is one
in which the tenant pays all net expenses related to the property
in addition to the base rent. Rent is usually kept low, as the
tenant is also paying most of the other costs associated with the
property. This type of lease is often used with warehouses
properties.
,Actual eviction: Correct Answers The physical removal of the
tenant, accomplished by legal process.
After Arizona landlord Roberto sent his former tenant, Brenda,
an itemized list of the deductions he's taken from her security
deposit, along with a check for the remaining deposit that's due
to her, she contacted him to dispute his findings. She insists he
cannot deduct the $200 he did for normal wear and tear on the
apartment, and wants it returned to her. Which of the following
is true of this situation? Correct Answers Brenda is correct.
Landlords may not charge tenants for normal wear and tear.
Roberto must refund the $200 to Brenda, plus an extra $400 in
damages.
Aka face rent; the amount of rent named in the lease agreement
Correct Answers Contract rent
Aka non-freehold estate; grants possession, but not title, for a
limited period of time Correct Answers Leasehold estate
All agreements, written, oral, or implied by law, and valid rules
and regulations that embody the terms and conditions
concerning the use and occupancy of a dwelling unit and
premises Correct Answers Rental agreements (as defined in AZ
law)
Alma's family is getting assistance from the Section 8 program
in Arizona. What organization provides the funds for this
program? Correct Answers The U.S. Department of Housing
and Urban Development
,An Arizona city or town may prohibit or regulate vacation and
short-term rentals for which the following reasons? Correct
Answers Based on the rental being used to operate a sober
living house
An example of this type of leasehold estate is a month-to-month
lease. Correct Answers Periodic estate
An inheritable estate with absolute ownership Correct Answers
Freehold estate
Any money earned by a resource (for example, land) that
exceeds the amount that's economically necessary to keep the
resource producing Correct Answers Economic rent
Appraisals take place at pre-determined intervals—typically
every three to five years—and the rent is adjusted according to
an agreed-upon percentage of the prior rent Correct Answers
Reappraisal lease
Arizona landlord Caroline is charging her new tenant, Kyle,
$1,000 a month in rent. What's the maximum she may charge
Kyle for a security deposit? Correct Answers $1,500
Arizona law prohibits any city in Arizona from restricting the
use of vacation rentals due to which of the following? Correct
Answers The rental's classification
Arizona tenant Gene has just learned that his apartment building
is about to be foreclosed upon. Under which federal law must
, Gene be given 90 days' notice prior to his being evicted, if the
new owner decides to evict the current tenants? Correct
Answers The Protecting Tenants at Foreclosure Act
As part of his lease agreement with his landlord, Alex mows the
grass around his apartment building each week in return for a
small reduction in rent. What is this an example of? Correct
Answers Covenant
Assignment and Subleasing in Arizona
Let's discuss a few more lease provisions. Read each of the
following statements and determine whether they're true or false.
1) With a lease assignment, the landlord and new tenant now
have an agreement. As long as the new tenant pays the rent, the
original tenant is no longer responsible to do so.
2) With a sublease, the landlord and sublessee now have an
agreement, and the original tenant is no longer responsible for
paying rent.
3) Arizona tenants may sublease or assign the rental unit to
another person unless the lease agreement states otherwise.
4) When a tenant subleases the unit or assigns the lease to
someone else, Arizona landlords must have a like lien against
the sublessee or assignee, just as the landlord has against the
tenant. Correct Answers 1) True
2) This is false. With a sublease, the original tenant remains
responsible for lease payments.
3) True
4) True
Assignment and subletting: Correct Answers This clause
stipulates that the tenant is allowed to assign or sublet the rented