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What exactly is the landlord responsible for when it comes to property maintenance?

As a landlord, you are responsible for ensuring your property has heat in the winter, air conditioning in the summer (if your unit has air conditioning), and hot and cold water. If these systems break down or fail to function, you will be responsible for getting them back to working order.

What is a personal guarantee in a commercial lease?

A personal guarantee puts the tenants own assets such as real estate, savings, or other valuables on the line should their business not be in a position to pay rent or other lease obligations.

What is the difference between guarantee and Guaranty?

Guarantee can refer to the agreement itself as a noun, and the act of making the agreement as a verb. Guaranty is a specific type of guarantee that is only used as a noun.

What is a guarantee on a property?

A guarantee agreement definition is common in real estate and financial transactions. It concerns the agreement of a third party, called a guarantor, to provide assurance of payment in the event the party involved in the transaction fails to live up to their end of the bargain.

What a landlord Cannot do in AZ?

Landlords are prohibited from harassing or retaliating against tenants who exercise their rights. In Arizona, the landlord cannot terminate a lease, refuse to renew a lease, or raise the rent on a tenant who has: Exercised a legal right.

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