Arkansas Landlord's Waiver - needed to mortgage equipment in leased premises

State:
Multi-State
Control #:
US-01625
Format:
Word; 
Rich Text
Instant download

Description

This form is for a landlord to waive lien rights against furniture, equipment and other personal property for the benefit of a lender who finances the property for the lessee.
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FAQ

If an issue of noncompliance arises (and rent is current and noncompliance is not excused) and the landlord does not remedy the noncompliance within 30 days after receiving notice from the tenant, the tenant may terminate the lease or rental agreement without penalty and receive a refund of his or her security deposit.

An agreement between a landlord and a receivables financier in which the landlord agrees to waive its rights to exercise distraint over a client's assets to meet sums due to the landlord, usually unpaid rent.

Landlords must give the tenant their property as it currently is. Generally, landlords are not responsible for making any kind of repairs, unless it's stated in the lease agreements. It's important to note that an Arkansas tenant may not pursue legal action if their repair request doesn't get honored.

In Arkansas, you cannot withhold rent from the landlord for any reason. If you withhold rent, you will be evicted and the landlord may attempt to keep your property. If you think your home has health and safety problems, contact the city-housing inspector to find out if your home meets city building codes.

There are not many laws surrounding repairs and maintenance in Arkansas. There is no warrant of habitability, thus, landlords simply must provide the property ?as is?. Tenants must keep the property in the same condition as they received it.

Entry. Advanced Notice: There is no state law in Arkansas requiring landlords to give advance notice before entering the property. Permitted Times: Arkansas state law does not designate any time-of-day entry restrictions. Landlords may enter for inspections, repairs, decorations, alterations, improvements, and showings ...

Arkansas Renters' Rights and Landlord Responsibilities Raising Rent: Landlords in Arkansas may increase the rent to any amount with no notice or justification as long as it is not for discriminatory reasons.

The Waiver (or Subordination) and Consent Agreement will likely provide the tenant's lender with the right to enter the leased premises and remove the tenant's personal property or trade fixtures to which the lender has rights.

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Arkansas Landlord's Waiver - needed to mortgage equipment in leased premises