1. What is an Arkansas Lease Agreement?
Rent out your property with an Arkansas (AR) Lease Agreement written according to Arkansas’s landlord-tenant laws. The lease agreement creates a legally binding contract between you, the landlord, and your tenant(s). You agree to rent out all (or a part of) your property to a tenant, and they agree to the terms and conditions you lay out in the lease agreement.
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2. What to Include in an Arkansas Residential Lease Agreement
Federal law mandates that landlords in all states, including Arkansas, add specific details in their lease agreements. These details include:
- Tenant/Landlord Details: names and current addresses of both the tenant and landlord
- Premises: the address of the premises being rented
- Pets: whether pets are allowed, and any other pet-related rules
- Health Hazards: any known health hazards or risks
- Rent Specifics: the amount of rent and security deposit due, and payment dates and methods
Be aware that each state has different laws that govern the relationship between you (the landlord) and your tenant(s). It’s in your best interest to learn Arkansas’s landlord-tenant laws.
3. Arkansas Landlord and Tenant Laws
If you’re ready to rent out your property, ensure that your lease agreement complies with Arkansas’s regulations, including:
- A landlord can charge up to two month’s rent for a security deposit, unless they own fewer than five rental units. (§ 18-16-304, § 18-16-303)
- A landlord must return the security deposit to their tenant within 60 days of the end of the lease. (§ 18-16-305)
Landlord Right of Entry:
- A landlord doesn’t have to provide notice before entering their rented property. You should do so nonetheless. (No statute)