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- The first step to renting property in Arizona is the creation of a lease agreement. This contract allows a landlord to rent property to a tenant in return for monthly payments. Now, its important for the landlord to conduct a thorough background and credit check on prospective tenants. This isnt just a suggestion, its standard procedure. The lessee is often informed within a week of approval. Hi, everyone. Im your host, Andrew Chung. And in this video, were gonna guide you through the Arizona rental lease agreement for rental properties, so lets get started. There are key components that should be included in every Arizona residential lease agreement. First, theres rent. While there isnt a specific grace period for late payments on residential properties in Arizona, there is a five-day grace period for manufactured homes. The lessee is responsible for paying the rent on the date agreed upon by both parties and noted in the lease. The lease should also specify the amount of an
