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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 monthly 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 – Before the lease is signed, tenants may need to undergo a credit check and employment/income verification to ensure they qualify for the rental property.

Table of Contents

Agreement Types (7)


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

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

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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).

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

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

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

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

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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.

(Video) What are the Arkansas Rental Laws?


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