This office lease form is a provision from a negotiated perspective. The landlord shall provide to the tenant in substantial detail each year the calculations, accounts and averages performed to determine the building operating costs.
Arkansas Tenant Audit Provision Fairer Negotiated Provision
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FAQ
4. Timeline Lease AgreementNotice to ReceiveWeekly7-Day Notice to QuitMonthly30-Day Notice to QuitFixed Term (6 months - 1 year)The landlord is not obliged to remind the tenant unless stated in the lease
The implied warranty of habitability is a landlord-tenant law that requires minimum living requirements so that the rental property is safe and habitable to live in. Some of the minimum living requirements include having heat, running water, and plumbing.
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.
It's the first time Arkansas has mandated statewide standards for rental housing. Under Act 1052 of 2021, tenants can move out without penalty and get their security deposits returned if landlords don't provide a sanitary sewage system, among other requirements.
Unlawful Detainer Method (civil eviction): When an Arkansas tenant fails to pay rent on the due date, the landlord must wait five days. If the rent isn't paid within five days of the due date, the landlord has the right to terminate the tenancy by giving the tenant an unconditional notice to quit (move out).
Arkansas tenants have the right to seek a rental unit without being discriminated against by their landlord. On the other hand, tenant rights allow them to report any safety or health violations to the local authorities.
Late Fees - Section 2.1 If the rent is not received on or before the 5th day of the month, you may charge your tenants a late fee of 5% of the total unpaid rent amount. So for example, if today is the 6th and your tenants have not paid their $1,000 monthly rent amount, then you may charge them a late fee of $50.
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.
