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Old 02-24-2011, 06:14 PM
42 posts, read 80,749 times
Reputation: 56


Want to move to phoenix but will not have a job, will have some money saved so I will be able to go a few months with out income if needed. Just wondering if there are any rental laws that will not allow me to rent if I am coming without a job like Texas, which requires that you need a source of income before you are allowed to sign a lease. Anything I need to know before I start searching ?
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Old 02-24-2011, 06:38 PM
Location: Las Vegas, NV
51 posts, read 83,005 times
Reputation: 51
The natives will be able to tell you if there are rental laws regarding income, but I CAN tell you that most communities will be very hesitant to rent to someone who does not have an income source.

I am moving from out of state myself. I spoke to nearly a dozen leasing offices before choosing a community and without fail EVERY agent's FIRST question to me was, "Do you have a job lined up here in the valley?". Some have more stringent requirements than others as it relates to cost of rent as a percentage of monthly income (the community I signed with requires that the monthly rent does not exceed 44% of my monthly income).

I'm sure there are complexes that don't have income requirements, but in my search over the last few months I didn't come across one. Just in my opinion, I would be wary of the clientele that they attract. You may end up with some rough neighbors (as is with the case with the complex I live in right now in Michigan, unfortunately).
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Old 02-24-2011, 06:41 PM
Location: Tempe, Arizona
4,511 posts, read 9,467,954 times
Reputation: 2154
There is no law against signing a lease with no income, however, landlords will likely not rent to you unless you can show sufficient credit and funds to carry the lease.
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Old 02-25-2011, 06:49 PM
Location: Chandler, AZ
453 posts, read 1,185,571 times
Reputation: 319
I would be scared to death to move somewhere without a job lined up. Just saying............
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Old 02-25-2011, 07:02 PM
Location: Prescott Valley, AZ
1,904 posts, read 3,072,923 times
Reputation: 1055
Been there and done that a couple of times in life.
Sometimes you just have to do what you must.
Good Luck
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