Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
48 Cards in this Set
- Front
- Back
|
The AZ Residential Landlord & Tenant Act applies to.... |
__________________ applies to the rental of dwelling units. |
|
|
The AZ Residential Landlord & Tenant Act does not apply to.... |
__________________ doesn't apply to: Commercial property Hotels / motels Religious Service Housing Dorms Public Housing |
|
|
The AZ Residential Landlord/Tenant act does not allow for discrimination against |
Tenants with Children |
|
|
A landlord cannot charge more than ___________ for a deposit. |
A landlord cannot charge more than 1-1/2 month's rent for a this. |
|
|
Unless stated otherwise, cleaning fees (and the like) are considered....... |
Refundable. |
|
|
What must a landlord do if he wants to keep part of a tenants deposit for damages? |
Deliver an itemized statement of amounts due within 14 business days of termination of tenancy. |
|
|
If a landlord keeps a portion of a deposit and doesn't give a statement to his tenant, what is his penalty? |
The land lord is subject to 2x the security deposit if he does what? |
|
|
What may be charged over and above the deposit? |
Cleaning fees or pet fees may be.... |
|
|
What information must a landlord disclose to his tenant? |
1. The property manager 2. The owner's agent 3. A FREE copy of the AZ landlord/tenant act. |
|
|
What 5 things is the landlord required to do? |
1. Comply with health, safety, and building codes 2. Keep premises fit, habitable, & safe 3. Maintain mechanical equipment 4. Provide trash receptacles and removal 5. Provide running hot/cold water, heat/AC when necessary. |
|
|
What are a tenant's six obligations? |
1. Use premises safely. 2. Keep premises clean. 3. Use mechanical equipment reasonably. 4. Not destroy/deface premises. 5. Not disturb neighbor's quiet enjoyment. 6. Follow landlord's rules for tenant welfare. |
|
|
If a landlord wants to enter the premises, he must give ____________ notice. |
The landlord must give tenants two days' notice if ......? |
|
|
How much notice must a tenant give a landlord if he wishes to terminate the lease due to landlord non-compliance? |
10 days notice is required of the tenant if..... |
|
|
How much notice must a tenant give a landlord if he wishes to terminate the lease due to health/safety violations? |
5 days notice is required of the tenant if..... |
|
|
What can the tenant do if the landlord does not repair minor defects promptly, after the tenant has provided written notice? |
The tenant may ONLY use Self-Help for Minor Defects if.... |
|
|
Self-Help for Minor Defects |
The tenant may hire a licensed contractor, so long as the bill is less than $300 or 1/2 monthly rent, whichever is more. |
|
|
The termination of a month-to-month tenancy must have written notice within... |
At least 30 days prior to the rental date. |
|
|
How long must a landlord wait to evict tenants that have not paid rent? |
A landlord must wait 5 days before ___________________ who have not paid rent. |
|
|
How long must a landlord hold a tenant's belongings, after they have abandoned them? |
A landlord must ____________________ for 10 days after they have abandoned them. |
|
|
What may a landlord do with a tenant's belongings after 10 days of abandonment? |
A landlord may sell the belongings for outstanding rent after ___________________ of abandonment. |
|
|
When may a tenant terminate a lease without risk of penalty? |
A tenant may ______________________ if they are the victim of domestic violence. |
|
|
What is distraint? |
Holding a tenant's personal property for back-rent. (i.e., taking it as your own collateral) |
|
|
Who handles disputes under the landlord-tenant act? |
The civil courts are responsible for.... |
|
|
The landlord must provide _____________ educational materials to new tenants. |
Bedbug educational materials must be provided..... |
|
|
These are the only sorts of residences that must not comply with bedbug provisions: |
Single Family Residences are the only sort that need not comply with... |
|
|
What is property management? |
The aspect of R.E. that deals with leasing, managing, marketing, and maintenance of property for others and for a fee. |
|
|
Which three parties are part of property management? |
The owner, the broker, and the salesperson are..... |
|
|
Of the three parties in property management, which is the "property manager"? |
The Broker has this role (title) in property management. |
|
|
If the property manager manages more than one property, he must.... |
A property manager must have a license if...... |
|
|
The broker has a fiduciary relationship with... |
The property owner is the fiduciary of... |
|
|
Two main concerns of a property manager: |
1. getting the highest net return on the owner's investment 2. protecting the owner from foreseeable risk |
|
|
Seven duties of the property manager: |
1. collecting rent 2. leasing units 3. advertising vacancies 4. accounts/reporting to the owner 5. hiring employees 6. buying supplies 7. overseeing remodeling ... are duties of whom? |
|
|
What sorts of things might a property manager recommend? |
Maintenance, insurance coverage (fire, liability, workman's comp) are..... |
|
|
Property Management Agreements must include |
1. Material terms & conditions 2. Compensation terms & conditions 3. Beginning/end date 4. cancellation provisions 5. manner of disposition of monies 6. Type/frequency of status reports 7. Amount of operation reserve funds 8. Allocation of interest earned |
|
|
A Property Management Agreement must be signed by... |
The property owner OR his agent and the property management firm's Designated broker MUST.... |
|
|
Without the written consent of the property owner, a Property Management Agreement may not be..... |
A Property Management Agreement may not be transferred to another broker or licensee without... |
|
|
All property management accounts must be... |
These must be designated as trust accounts. |
|
|
Who may sign checks on a property management account? |
1. Designated broker 2. Licensee of the broker 3. Employee of the broker What may these 3 persons do? |
|
|
Who may not sign checks on a property management account? |
The property owner may not do this... |
|
|
Who may be paid a finder's fee? |
An unlicensed tenant in an apartment complex may receive... |
|
|
What are the 3 limitations to a finder's fee? |
1. Must be given as rent credit 2. May not exceed $200 3. May not be paid more than 5 times a year |
|
|
A planned community is also known as a... |
An HOA is also known as a... |
|
|
A purchaser in an HOA must be provided with certain information (akin to the public report) within this time frame: |
Within 10 days of receipt of written notice of a pending sale. |
|
|
What must a purchaser in an HOA be provided with? |
By-laws and association rules. The planned community declaration. Principal contact of association. Amount of association assessments. Operating budget & financial reports. Current violations of the home, or litigations pending against the current owner. |
|
|
A portion of ___________ may be covered by the association. |
Home owner's insurance may be..... |
|
|
__________________ must provide the information if there are 49 or less units in the HOA. |
The seller must provide the information if..... |
|
|
__________________ must provide the information if there are 50 or more units in the HOA. |
The association must provide the information if..... |
|
|
How often must the board of directors of an HOA meet? |
Annually. |
