12-1288. Right to rents and profits; accounting and action
195 words·~1 min read·
/az/title-12/12-1288A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.