AGENCY DISCLOSURE TO TENANT Sample Clauses

AGENCY DISCLOSURE TO TENANT. OWNER / LANDLORD acknowledge that under Arizona Revises Statutes Section 33-1902(A) there is a requirement to register ownership of rental property with the Country Assessor’s Office. Registration information includes names, addresses and phone numbers and is available to any member of public upon request. OWNERS living outside of Arizona must designate an in-state Statutory Agent for service of legal process. This must be done on the same form as used above. Foreign corporations and or foreign limited liability companies must also register the Statutory Agent with the Arizona Secretary of State. This Statute also makes it necessary to re-register if any of LANDLORD’S information changes. FOOTHILLS will act as LANDLORD’S Statutory Agent and the reporting form as mandated lists FOOTHILLS as the Statutory Agent. FOOTHILLS will accept Service of Process for LANDLORD. As LANDLORD’S Agent, FOOTHILLS discloses the name(s) of all OWNERS to the TENANT in writing at time of leasing and on all later written communication with the TENANT. Should TENANT or other party bring a legal action against AGENT that should have been brought against LANDLORD for AGENT’S actions on behalf of LANDLORD, AGENT will accept Service of Process and move to have suit dismissed for failure to name proper party. XXXXXXXX will accept this dismissal and will support and defend AGENT in this action. AGENT’S normal practice is to hire AGENT’S regular litigation counsel to defend smaller actions (normally security deposit issues). There is a potential conflict of interest in those situations. Any potential conflict of interest by FOOTHILLS litigation counsel should be evaluated on a case by case basis and LANDLORD is free to hire independent counsel at any time. Any court action for large dollar amounts would typically involve insurance coverage with attorneys hired by the insurance carrier.
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