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Do property managers need to be licensed in Arizona?
State Laws and Regulations Arizona demands that property managers hold a real estate brokers license to legally engage in property management. Securing this license involves finishing 90 hours of education, a 6-hour contract writing class, passing a rigorous state exam, and undergoing a comprehensive background check.
Is a verbal rental agreement legally binding in Arizona?
Answer: As a general rule, the answer is yes. Under the Arizona Residential Landlord and Tenant Act, a verbal rental agreement concerning the use and occupancy of a dwelling unit is just as enforceable as a written rental agreement (or lease) is (A.R.S. 33-1310(13)).
Do I need a license to be a property manager in Arizona?
Arizona demands that property managers hold a real estate brokers license to legally engage in property management. Securing this license involves finishing 90 hours of education, a 6-hour contract writing class, passing a rigorous state exam, and undergoing a comprehensive background check.
How much do property managers charge in Arizona?
There is no definitive answer when determining the appropriate fee for managing a rental property, as the amount charged typically rests between 8-15% of the monthly rent.
What does a property management agreement normally include?
Normally, a property management agreement will include the terms and conditions of your business relationship with a company or manager. It formally puts into writing things like how long the contract will last, how much you should pay the company every month, what services you are entitled to, etc.
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Agreement Requirements
Property Management Agreements State all material terms and conditions of the management firms services, obligations, duties and responsibilities to the owner.
In addition to furnishing such docHubd statement, the applicant shall furnish the name, address and phone number of the owner of record of the property, as
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