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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.
Examples of lease in a Sentence Noun They took out a five-year lease on the house. We hold leases on both of our cars. Verb She leases a red convertible. I have leased this house for the last four years.
Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.
If you want to terminate the lease, you must give the landlord one period's notice from the day that your rent is due. If you do not give a notice one full rental period before you move, you will be liable for the next period's rent unless the property is rented.
Here's a list of common fields that should be covered in your lease agreement: Basic information about all tenants. Include the full name and contact information of each tenant. ... Description of rental property. ... Security deposit. ... Monthly rent amount. ... Utilities. ... Lease term. ... Policies. ... Late fees.
The most important part of this letter is making sure to include the financial obligations of the tenant. The rent amount, the date it is due and the consequences for missing a payment must be clearly defined in the agreement. If there is a security deposit or rules for a community, they should be included.
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.
Here's a list of common fields that should be covered in your lease agreement: Basic information about all tenants. Include the full name and contact information of each tenant. ... Description of rental property. ... Security deposit. ... Monthly rent amount. ... Utilities. ... Lease term. ... Policies. ... Late fees.