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NOTES/FACTS Property Management & Landlord Tenant Act
Terms in this set (12)
Security Deposits may not exceed:
one and one-half month's rent
If a tenant fails to pay rent, the first step the landlord takes is to give the tenant:
Checks written on a property management trust account may be signed by:
broker, licensee or an employee of the company
A property owner may not:
Be a signor on a property management trust account
Tenants security deposit may be:
put in an interest bearing account
A landlord must give the tenant how much notice before entering the unit?
A broker must keep a copy of all rental contracts for not less than:
When a tenant moves out because the unit is no longer livable, this is called:
The tenant must give the landlord how many days to repair and defects before the tenant can repair such items?
ten days written notice
The self-help for minor defects amount is:
one-half the month's rent or $300, which ever is greater
A property manager fails to give a full accounting of the security deposit within fourteen days, the landlord can be held liable for:
Twice the amount wrongfully held
What is the clause allowing the landlord to seize the tenants belongings for rents in arrears? It is illegal in many instances.
THIS SET IS OFTEN IN FOLDERS WITH...
Real Estate AZ (B-6)
Section 2- Arizona State Specific Outline
Real Estate Terms (E)
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