Arkansas Rental Agreement Templates
Arkansas lease agreements let a tenant enter into a binding agreement with a landlord for renting of commercial or residential property. The agreement is written after the rent has been negotiated and a rental application has been submitted. If approved, the tenant will be asked to sign and pay the 1st month’s rent, last month’s rent, and any security deposit.
Arkansas Residential Lease Agreement
The Arkansas residential lease agreement made between a landlord and tenant that allows the renting of property in exchange for monthly rent. A residential lease agreement is typically a twelve (12) month arrangement but, in certain cases, it can be less or more than a year. After being verified through an application, the lessee will be subject to paying deposits and rent upfront (depending on his or her credit report) and will be given access to the property.
Arkansas Month-to-Month Rental Agreement
The Arkansas month-to-month rental agreement can be used if a landlord has an available residential unit that they are looking to lease to a prospective tenant. The agreement is only valid every thirty (30) days and renews for another month every time the tenant makes the payment. Either party may void or change the terms of the contract with written notice (exact time of how much notice should be given is either in the original agreement or is one (1) month). It is always recommended to perform a credit check through an application with every new tenant.
Arkansas Rental Application Form
The Arkansas rental application form is a document that landlords send out to a prospective tenant to determine whether they are a viable tenant or not. The information requested relates to rental history, eviction history, and financial information and is used for background screening purposes.
Arkansas Roommate Agreement
The Arkansas roommate agreement (“room rental agreement”) is a contract between tenants sharing the same rental property. This document outlines the financial responsibilities of each co-tenant, as well as the rules, terms, and conditions of sharing the space. All co-tenants must sign the contract to comply with Arkansas state law.
Arkansas Commercial Lease Agreement
The Arkansas commercial lease agreement can be used by a company or individual seeking to legally rent property from a landlord for business use. Typically, a landlord will determine the rent payment on a per-square-foot basis. A standard length for the contract is three (3) years but it may be any term as decided by the tenant and landlord. When executing the document, it is recommended that the signatures be witnessed by a notary public to protect both parties.
Arkansas Security Deposit Laws
Maximum Amount ($) – Cannot exceed two (2) months’ periodic rent (§ 18-16-304).
Returning – Deposit must be returned within sixty (60) days of the termination of the tenancy; however, the money becomes the landlord’s property if they are unable to locate the tenant one hundred eighty (180) days after payment was mailed (§ 18-16-305).
Arkansas Required Disclosures
No required State disclosures.
Lead-Based Paint – By federal law, this disclosure must be completed and signed if the property was constructed before January 1, 1978.
Arkansas Rent Grace Period
Arkansas statutes have implemented a five (5) day grace period. Tenants have five days after the rent due date to make the payment, after which, the landlord can terminate the agreement (§ 18-17-701).
0 Comments