Arizona Residential Rental Properties and Security Deposits

If you’re purchasing a Las Sendas property that you intend to lease out, don’t forget to collect a security deposit. Landlords of Arizona rental properties may require deposits that are up to one and one half times the monthly rent. These deposits are important; they provide owners with funds to draw from if the tenant damages the home.

Tenants with Pets Require Extra Consideration

In addition to charging a standard rental deposit, retaining a pet deposit is a good idea if you intend to allow animals. As a landlord, you can make this deposit non-refundable, but a refundable deposit will gives tenants extra motivation to prevent things like soiled carpet from occurring. One last word about pets, check with your insurance carrier for a list of restricted breeds before allowing to your tenants to move in with Fido.

Put a Professional in Charge

If the subject of deposits and pets has raised other issues in your mind, you might want to speak with someone who specializes in residential home management. For Further Information about Property Management in Las Sendas Contact: Desert Wide Properties

For Further Information on Rental Deposits see The Arizona Landlord Tenant Act: Residential Landlord Tenant Act