Arkansas Rental Lease Agreement Forms and Templates
The Arkansas rental agreements allow for a tenant and a landlord to make a situation where one person occupies residential space from the other in exchange for monetary compensation either on a weekly or monthly basis. In a 12 month agreement, if either party breaks any of the terms and conditions the tenant may be able to leave or the landlord may be able to file for an eviction.
Form Descriptions
- Application – Must be filled in by a tenant looking to rent from a landlord or a management company. Document verifies the potential renter’s credit and employment history.
- Standard – A base for establishing a relationship between a Tenant that will occupy and pay monthly payments to a Landlord for a fixed period of time. The standard is 12 months but can be any length as negotiated by the parties. Once signed by both Landlord and Tenant, the document becomes legal and both will be bound to it’s terms.
- Month to Month – A contract that legally binds both landlord and tenant for only a period of thirty (30) days at a time. As long as payments are made and the landlord has not given notice (at least 30 days) of the tenant to vacate, the lease remains
- Sublease – Lets a Tenant that is currently bound to a lease be able to re-rent the same property to someone else. The new Tenant moving in will be obligated to pay the original Tenant, and the original Tenant will be obligated to keep paying the Landlord the amount in stated in the original lease contract. It should be known that the original Tenant is still obligated to pay the Landlord whether he or she is paid by the new person occupying the property.
Common Landlord-Tenant Laws
- Security Deposit
- If the landlord owns more than five properties – A maximum of two (2) months’ rent may be required by the tenant
- If the landlord owns five or less properties – There is no maximum on the amount of a security deposit required
- The landlord must return the deposit within sixty (60) days from the end of the agreement or any other type of termination of the lease agreement. If the landlord cannot find a way to get the money back to the tenant within one hundred and eighty (180) days, the landlord is entitled to keep the deposit
- Disclosure Form
Related Forms
- Move in/Move out Checklist – To help protect the tenant’s security deposit, marks down any prior damage as to not be liable at the end of the contract