Renting a home for a short-term vacation or rental has become very desirable and has created a whole new rental industry. However, many homeowners and investors (hereafter referred to as “property owners”) who participate in this business concept do not take into account the legal effects of their leasing activities. The simple marketing of a property in a market place like AirBnB®, VRBO® or others is only the beginning and does not protect the owners of the various commitments and legal issues. Landlords must return the deposits to tenants within 14 days of termination, as well as a broken-down list of all deductions. (Ariz. Rev. Stat. Ann. Leases are often oral and while they can offer freedom and flexibility to landlords and tenants, variability can come with its own drawbacks. For example, a tenant may prefer not to commit to a fixed time (they may be between a job or going to school), but this helps to eliminate rent increases or cancel the landlord who would otherwise not be possible with a long-term lease in Arizona. Although Arizona`s cities, cities and counties cannot completely ban short-term vacations and rentals, the law still allows cities, cities and counties to require owners of short rentals: landlord-tenant law imposes on landlords many costly, time-consuming, time-consuming and incriminating administrative and legal obligations, such as. B entry and exit inspections, lead paint and other information, as well as requirements for issuing formal violations etc. If the landlord-tenant law were to apply, it could make short-term rents legally and practically problematic, a management headache, a risk of liability and financially ine ways for many landowners.
Nevertheless, many landowners unwittingly submit to burdens and debts under the landlord-tenant law because they do not understand the laws and use inappropriate rental forms. A picture is worth more than a thousand words and may be the determining factor in choosing your property by one potential tenant over another. It is highly recommended to hire the services of a professional because of the potential amount of money on the game. Make sure the photos focus on the positive aspects of the rental, such as views, landscapes, features or any detail that could create a potential tenant. Once responsibilities are listed, a good lease also lists penalties for violating one of the rules. It may give you the right to cancel a reservation or force the tenant to pay your repair costs for damages resulting from their breach of contractual terms. Short-term rentals can be a lucrative financial business for property owners. However, homeowners should exercise caution, use carefully designed documents, and understand the impact and risks of this type of activity. This article addresses only a few of the many problems that can arise.