Create an Arkansas Lease Agreement with our attorney-drafted template!
An Arkansas lease agreement is a legally binding agreement between a landlord or property management company and one or more tenants of legal age. It gives the address of the property being leased, how long the lease will last, and the obligations of both the landlord or property management company and the named tenant(s).
In Arkansas, the most commonly used lease agreements include a commercial (retail) lease, a standard residential lease that lasts for one year, a month-to-month lease, a roommate agreement, a lease to own agreement, and a sublease agreement.
How you'll write an Arkansas lease agreement will depend on whether it is a residential, commercial, or roommate agreement. Other considerations is if it is a lease to own scenario. Any sublease should exactly match the obligations of the master lease. Also, it shouldn't be entered into without written permission of the landlord. For an Arkansas lease agreement for a residential unit, you'll need the following information:
The State of Arkansas doesn't require landlords to give any specific disclosures to tenants. However, if a residential unit was built before 1978, landlords must provide a lead-based paint disclosure. This is federal law.
Arkansas state law limits the security deposit amount to no more than two months' rent. Security deposits must be returned to the tenant within 60 days of the end of the lease. If the landlord can't get into contact with the tenant for 180 days, the money becomes the property of the landlord.