This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Arkansas Information to Be Furnished to Lessor
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Multi-State
Control #:
US-OG-802
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Word;
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FAQ
Act 1052 states that property in the lease or rental agreements entered into or after November 1, 2021 must contain the following: Available source of hot and cold running water.
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.
Limits on Rent Increases Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living ? whichever is lower ? over a 12-month period.
Arkansas rent laws There is no rent control in Arkansas so landlords may charge whatever they consider a reasonable rate for their unit. But, before raising rent, landlords must provide notice of at least one rental period. This applies to both oral and written lease agreements.
Responsibilities. 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.
Arkansas rent laws Landlords may charge late fees for late rent payments, but the fees must be clearly disclosed in the lease agreement. For each month the tenant is late paying rent, the landlord may charge a late fee that does not exceed $30 per month or 20% of the amount of monthly rent.
Currently, there are no rent control policies in Arkansas, meaning that landlords are free to charge any amount of rent they consider appropriate. Additionally, they can increase rent as much as they want without giving much notice to the tenant, but they cannot increase rent as a retaliatory measure.