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Arkansas Rental Lease Agreements | Residential & Commercial

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The Arkansas lease agreements may be used for any landlord-tenant arrangement where the utilization of space, commercial or residential, by a tenant in return for payment agreed upon rent. All residential agreements should use Title 18, Subtitle 2, Chapter 17 (Arkansas Residential Landlord-Tenant Act of 2007) for reference and commercial contracts should review Chapter 2a (Leases) of the Arkansas Uniform Commercial Code.

Rental Application – All leases, before being signed, should have the tenant undergo a lookup of their credit, employment, and income verification to make certain that the tenant’s background is correct.

Agreements

Commercial Lease Agreement – Designed for a business or individual seeking to operate from either office, retail, or industrial space.

Lease with Option to Purchase (Lease to Own) Agreement – A standard template with the added option of purchasing within a certain period.

Month to Month Lease Agreement (§ 18-17-704) – Known as a “tenancy at will” therefore the occupancy period renews automatically with payment and ends upon at least thirty (30) days’ written notice (unless the contract states otherwise).

Room Rental (Roommate) Agreement – Between the members of a home where each of them rent a bedroom and share all common areas.

Standard Lease Agreement – Fixed term, commonly twelve (12) months, for any type of residential property including an apartment, condominium, or house.

Sublease Agreement – Allows a tenant to let another individual occupy and payments may be made payable to either themselves or to the landlord directly.

Termination Lease Letter – Notice given from either a lessor or lessee to the other in order to notify that they wish to end the occupancy.

Disclosures and Access

Arkansas has No Required State disclosures for their landlords to attach.

Lead-Based Paint – Required for any housing structure built prior to 1978 as the harmful substance may be in prior layers of paint and pose a danger with any cracking or chipping walls.

Access

No notice is specified by the State but for good landlord-tenant relations it is recommended, not required, to contact the tenant before any non-emergency entry to the premises.

Security Deposits

Maximum (§ 18-16-304) – Landlord may not charge in excess of two (2) months’ rent to the tenant.

Returning (§ 18-16-305) – All funds must be returned to the tenant within sixty (60) days. If the landlord cannot find or get in contact with the tenant for up to one-hundred and eighty (180) days after the termination date then the money becomes the property of the landlord.


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