Landlord and Tenant Rights and Responsibilities
questions & answers
Question: My first year lease is ready to renew and my rental company is demanding that I get $100,000 in rental insurance that only covers damage to the house, not any of my property. Is this legal? Doesn't the homeowner have insurance on their property? Didn't my rental deposit cover any damages I might incur? Thank you for your help.
Answer: When a rental agreement is up for renewal, either party may demand that the other accept a new term or condition so long as that new term or condition is lawful (A.R.S. 33-1314), because either party has the right not to renew the agreement and instead walk away.
QUESTIONS
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My first year lease is ready to renew and my rental company is demanding that I get $100,000 in rental insurance that only covers damage to the house, not any of my property. Is this legal? Doesn't the homeowner have insurance on their property? Didn't my rental deposit cover any damages I might incur? Thank you for your help.
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