Required Disclosures
1. Agency Disclosure Form (conditional) – If a real estate agent is representing either the landlord or tenant, they must disclose their relationship to the other party.[1]
2. Disclosure of Conflicts of Interest (conditional). An agent cannot act directly or indirectly in a transaction without informing the other parties that they are any of the following:
- Acting as the principal;
- Member of a party’s immediate family;
- If a party is the agent’s employing broker; or
- If an agent, or their immediate family, has a financial interest in the transaction other than a commission.[2]
3. Material Defects (conditional). If a real estate licensee is representing the landlord, they must disclose, in writing, any information that adversely affects the consideration to be paid by the tenant in the transaction.[1]
4. Transaction Privilege Tax (TPT). Not a statutory requirement, the lease should mention who is responsible for the payment of the Transaction Privilege Tax. Use the Arizona Look Up webpage to determine whether a property is subject to the TPT.[3]
Sample