In Arizona, what is the maximum security deposit allowed for an unfurnished residential rental?

In Arizona, the law stipulates that for unfurnished residential rentals, the maximum security deposit that a landlord can charge is one and a half times the monthly rent. This provision is designed to provide balance in protecting both the tenant and the landlord. The limitation of one and a half months' rent helps ensure that tenants are not overburdened with excessive upfront costs while still allowing landlords to secure a reasonable amount of funds to cover potential damages or unpaid rent.

This regulation is a standard practice across many states, as it helps create a fair rental market and maintains reasonable access to housing for tenants. Understanding this limit is crucial for both landlords managing rental properties and tenants seeking to rent in Arizona, as it directly impacts their financial arrangements when entering lease agreements.