Looking to Lease? Helpful Insights on Arkansas Laws Regarding Tenant and Landlord Partnerships

Looking to Lease? Helpful Insights on Arkansas Laws Regarding Tenant and Landlord Partnerships

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Category:   Real Estate

Every find yourself in a situation where you sign your name on the dotted line, but neglected to read the fine print? Many Americans will purchase homes, cars, and even sign up for exclusive offers without reading the terms and conditions. These details are always beneficial for references and can inform you of how to handle certain situations should they arise. Did you realize that in the state of Arkansas we have laws surrounding lease agreements? This can be extremely helpful when you are in the market to lease a home or if you are interested in becoming a landlord. Check out your rights:

"Tenant Rights and Obligations:

*Landlords must provide notice of at least one rental period before raising the rent. This rule applies to both oral and written leases.

*If you plan to sublease your apartment or house, you typically must obtain prior approval from the landlord, and obtain written direction from him or her stating the amount of rent that can be collected.

*If you plan to move and have a written lease agreement, you must give notice according to the provisions of your lease.

*If you plan to move out and have an oral lease agreement, you must give one rental period’s notice.

Landlord Rights:

*In Arkansas, a landlord may give notice of lease termination for any reason. Even model tenants may be subject to having a lease terminated. The landlord must give one rental period’s notice for an oral lease, or provide notice according to the terms of a written lease.

*State law provides that upon the voluntary or involuntary termination of any lease agreement, all property left in the dwelling by the tenant will be considered abandoned and may be disposed of by the landlord as the landlord sees fit without recourse by the tenant. All property left on the premises by the tenant is subjected to a lien in favor of the landlord for the payment of all sums agreed to be paid by the tenant."

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