The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
12-1288 - Right to rents and profits; accounting and action
12-1288. Right to rents and profits; accounting and action
A. The purchaser, from the time of the sale until redemption, and a creditor from the time of his redemption until another redemption, is entitled to receive from the tenant in possession the rents of the property sold or the value of the use and occupation thereof. When the rents or profits have been received by the purchaser or prior redemptioner, preceding redemption, the amount thereof shall be a credit upon the redemption money to be paid.
B. If the redemptioner or judgment debtor, before expiration of the time allowed for redemption, demands, in writing, of the purchaser or prior redemptioner a written and certified statement of the amounts of the rents and profits thus received, the period for redemption is extended five days after the sworn statement is given.
C. If the purchaser or prior redemptioner, for a period of one month after demand fails or refuses to give the statement as provided in subsection B, the redemptioner or debtor may bring an action to compel an accounting and disclosure of the rents and profits, and the right of redemption is extended until fifteen days from and after the final determination of the action.