Free Arkansas Residential Lease Agreement
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What is an Arkansas Standard Lease Agreement
A standard lease agreement is a legally binding contract between a landlord and a tenant. This is written to conform to state laws where the property is located. In Arkansas, these allow both parties to comply with a series of set terms for a specified number of months or years.
However, the big difference is the duration that they cover. Rental agreements usually only cover short-term tenancies of a few months at a time or month-to-month contracts.
A lease agreement should contain the following details:
How long the tenant may legally reside in the property
How much rent should be paid
Information about the security deposits necessary
When rental installments are due
Any additional costs that must be serviced by the tenant
The rules regarding the proper use of the property
Situations that constitute lease violation eviction procedures
Types of Arkansas Lease Agreements
There are many types of Arkansas lease agreement forms that can be used to manage and legally bind many different types of rental situations. They allow landlords to rent out various types of property they might have and for tenants to find the best kind of tenancy for their needs.
The most common types of lease agreements in Arkansas include:
Standard: Fixed set of terms that both the landlord and tenant commit to for a series of months or years.
Rent-to-own: Rent-to-own options allow the possibility for tenants to purchase the property they are renting.
Month-to-month : Similar basic terms to standard lease agreements, but they can be renewed or ended each month.
Commercial: Utilized by tenants that intend to use a piece of real estate to run a business.
Room rental: Rental properties that are located within shared living areas.
Condo or mixed unit : Used by landlords of properties that have multiple rental units, such as duplexes or cooperatives.
Sublease Agreement: Permit tenants to assign or “sublease” the property to another person.
Arkansas Lease Addendums and Disclosures
Arkansas lease agreements must contain some disclosures and addendums when they are completed and signed. This is to properly inform the tenant of any health risks or potential issues with the property, or details about how the property is managed that they must be aware of.
These essential addendums include the following:
Lead paint disclosure: If the rental unit is in a building constructed before 1978, the landlord or their agent must disclose whether lead paint can be found on the property and must provide safety information for any located on the premises.
Arkansas Lease Agreement Laws
An AR lease agreement must be written and signed within the laws of Arkansas state, otherwise, it will be legally contestable and can be declared invalid and block either party from recourse if a violation is committed. These will police how you start and end the contract and control what procedures you can reasonably ask a tenant to follow.
The most important laws to consider when you are renting a property in Arkansas include:
Security deposits:Arkansaslandlords may charge no more than 2 months’ rent if the property is a non-rent control unit. This must be returned to the tenant within 60 days of vacating the property and returning the keys. Landlords must also give advance notice of any deductions.
Landlord’s right to enter: Landlords in Arkansas can enter the rental property without advance notice. However, it is recommended to give tenants 24 hours’ notice before visiting the property, as a courtesy.
Arkansas Residential Lease Agreement Sample
Before beginning the process of creating a residential lease agreement in Arkansas, it is sensible to review an example document first. Use our AR lease agreement sample below to find out more about the structure and contents of a fully-fledged rental contract.
FAQs About Arkansas Lease Agreement
It is important to carefully prepare an Arkansas lease agreement to suit the needs of the landlord and tenant exactly. To help demystify the process a little, simply review our FAQs below to learn more about the specificities of rental contracts in Arkansas.
Can I Write My Own Lease Agreement in Arkansas?
It is possible to create an Arkansas lease agreement completely online. Using our residential lease agreement maker, you can tailor your document for your specific needs and take advantage of professional templates and expert tips.
How to Write an AR Lease Termination Letter?
If either the landlord or tenant for any reason needs to terminate anArkansas lease agreement early, they must provide the correct amount of notice in a written AR lease termination letter.
This letter needs to contain the following information:
The name of the landlord and the tenant
The date the letter has been written and signed
The name and address of the property in question
Information explaining why the tenancy needs to be terminated early
The reason the lease is being broken
The date that the resident will vacate the property
Acknowledgment of any penalties that will be incurred
Signature of the signing party
Do I Need to Notarize my Arkansas Residential Lease Agreement?
It is not necessary to notarize an Arkansas residential lease agreement. However, whilst this might not be a legal requirement in Arkansas state, signees are still advised to consider this step to provide further legal enforceability.
You are only a few steps away from your own Arkansas Lease Agreement!