Under the Arizona Landlord Tenant Act, how many days does a landlord have to return a security deposit after a lease terminates?

The Arizona Landlord Tenant Act stipulates that landlords must return a security deposit within 14 calendar days following the termination of a lease. This requirement is intended to ensure that tenants receive their money back in a timely manner, which helps to promote fairness and transparency in rental agreements.

Understanding the context is important: the law also necessitates that any deductions from the security deposit for damages or unpaid rent must be clearly itemized and explained in writing to the tenant. This ensures that tenants are aware of any claims made against their deposit.

It's essential to be aware that the distinction between calendar days and business days can lead to confusion. While some may think business days offer a more favorable timeline for landlords, in this specific instance, the law mandates a strict 14 calendar days. This understanding is crucial for both landlords and tenants to navigate their rights and responsibilities effectively.