Posted on 29 June, 2010 in Landlord-tenant by aaronklaw
Did you know that an owner of a rental property that lives out of state must have an in-state statutory agent? Arizona Revised States Section 33-1902 requires an out-of-state landlord to have an in-state agent, which is not the same as a “property manager”. A statutory agent is a person or entity that accepts legal service on behalf of the out of state landlord. Failure to comply with this statute can result in a $1,000.00 fine, plus an additional $100 fine each month.
In addition to this requirement, a landlord is required to have certain [...]
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Posted on 25 June, 2010 in Contracts by aaronklaw
For most people, two things come to mind when the word contracts is mentioned: binding and boring. It’s true, spending 18 hours sifting through a double sided 50 page document is not as exciting as say, doing a trial. It’s still important, and by making sure your contracts are properly reviewed and ironclad you can avoid some of the headaches later on. Drafting a contract is not a cookie cutter process, and its not something to take lightly. Many of the problems I see are the result of people who have drafted their own contracts. A lot of headaches could [...]
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