What is the maximum security deposit allowed under the Arizona Landlord-Tenant Act?

Under the Arizona Landlord-Tenant Act, the maximum security deposit that a landlord can collect is 1 1/2 month's rent. This regulation is in place to protect tenants from excessive fees and ensures that landlords do not impose unfair financial burdens on renters. The Act sets clear guidelines on the allowable amount for security deposits, which helps define the scope of the landlord-tenant relationship in a fair and equitable manner.

While other options mention varying amounts of deposits, they exceed the legal limit established by the Arizona Landlord-Tenant Act. The inclusion of first and last month's rent in some choices could lead to confusion, as these are typically considered advance payments rather than a security deposit. The legislation intends to create a straightforward framework for security deposits, which promotes transparency and mutual understanding between landlords and tenants.