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The first step to renting property in Arizona is creating a lease agreement, allowing landlords to rent to tenants for monthly payments. It's essential for landlords to conduct thorough background and credit checks on potential tenants, which is standard procedure. Approval is typically communicated to the lessee within a week. Key components of every Arizona residential lease agreement include the rent amount and payment date. While there's no specific grace period for late payments on residential properties, a five-day grace period exists for manufactured homes. The lease must clearly specify the agreed payment date.
