An Arkansas lease agreement is a legal document that conveys the terms and conditions of renting commercial or residential property to a tenant. It establishes the cost of rent, tenancy type (e.g., month-to-month, fixed-term), utility responsibilities, and other important rules the landlord and tenant must comply with throughout the lease term.
An Arkansas lease agreement is a legal document that conveys the terms and conditions of renting commercial or residential property to a tenant. It establishes the cost of rent, tenancy type (e.g., month-to-month, fixed-term), utility responsibilities, and other important rules the landlord and tenant must comply with throughout the lease term.
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An Arkansas lease agreement is a legal document that conveys the terms and conditions of renting commercial or residential property to a tenant. It establishes the cost of rent, tenancy type (e.g., month-to-month, fixed-term), utility responsibilities, and other important rules the landlord and tenant must comply with throughout the lease term.
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Rental Application – A form filled out by lease applicants to provide information to the landlord and consent for a background check.
Maximum Amount ($) – Two months’ rent is the maximum amount a landlord may charge a tenant for a security deposit. [3]
Collecting Interest – Landlords are not legally obligated to provide interest on a tenant’s security deposit.
Returning to Tenant – The landlord must return the security deposit (minus any deductions) to the tenant within 60 days of terminating the tenancy. [4]
Itemized List Required? – Yes. If the landlord uses any portion of the deposit to cover unpaid rent or damages, they must provide an itemized list of their deductions within 60 days after the lease ends. [5]
Separate Bank Account? – No. Arkansas has no laws that obligate landlords to store security deposits in separate bank accounts.
General Access – Landlords are not required to provide notice before accessing the premises; however, giving at least 24 hours’ notice is recommended. A landlord can only enter if they must carry out any of the following [6] :
Immediate Access – Arkansas does not have specific laws for entering without notice, but landlords are typically allowed to enter without warning in an emergency.
Grace Period – Tenants have to pay rent on the date mentioned in the lease. If the rent remains unpaid for five days , the landlord can end the rental agreement. [7]
Maximum Late Fee ($) – There are no laws in place that limit how much landlords can charge for late rent. That said, late fees should be fair and cover only the actual costs resulting from the late payment.
Bad Check (NSF) Fee – The limit is $30 per returned check plus any bank fees charged to the landlord. [8]
Withholding Rent – Tenants are not allowed to withhold rent for any reason, regardless of whether the landlord violates the lease or fails to make necessary repairs. [9]
Non-Payment of Rent – A 3-day notice is given to a tenant once their rent is 5 days overdue. [10]
Non-Compliance – A 14-day notice must be used if tenants do not comply with their lease terms. [11]
Tenant Maintenance – If the tenant doesn’t fix a health and safety issue within 14 days of receiving notice (or immediately in emergencies), the landlord can terminate the lease or make the repairs and charge the tenant for the costs. [12]
Lockouts – It is illegal for a landlord to lock a tenant out of their rental unit without first obtaining a court order . [13]
Leaving Before the End Date – Arkansas law doesn’t outline rules for when a tenant moves out before their lease expires; however, these terms can be set in the lease. Leaving early is typically viewed as a lease violation, giving the landlord permission to terminate the rental agreement and file an eviction lawsuit.
Month-to-Month Tenancy – A month-to-month tenancy can be terminated with a 30-day notice. [15]
Unclaimed Property – Personal property left behind by the tenant is considered abandoned and can be dealt with in any way the landlord chooses. Arkansas law allows landlords to put a lien on unclaimed property; if the tenant wants their property back, they can pay the lien to reclaim their belongings. [16]
