Property

Renew and extend a business tenant's lease with this template Arkansas Renewal and Extension of Commercial Lease form.

• The lease is renewed for an additional period (which can be a full lease term or whatever period of time the landlord and tenant agree to).
• The tenant has no further right to extend or renew the lease.
• The rental payments for the new term are agreed to.
• The remaining terms and provisions of the original lease remain in full force and effect.
• This form is for commercial leases only. You will need to use the Extension of Residential Lease form for residential tenancies.
• Intended to be used only in the State of Arkansas.

• The Agreement establishes what is called a "periodic tenancy" because it runs from rental period to rental period (month to month or week to week).
• The tenant must pay late fees if the rent is not paid on time, and a charge for any returned checks.
• The tenant is responsible for yard maintenance.
• Procedure that the landlord must follow for returning the tenant's security deposit at the end of the tenancy.
• Provisions for termination by either party, in accordance with landlord-tenant laws.
• The file also contains a Lead Paint Disclosure form, as required by law.
• Also included is a Premises Condition Report to be jointly filled in by the landlord and the tenant at the beginning and the end of the tenancy.

Take applications from prospective tenants for a vacancy in a rental building with this Arkansas Rental Application Form for Residential Tenancy.

• Tenants must supply information about:
  • current and previous employment,
  • monthly expenses,
  • rental history,
  • personal and credit references.
• This form can be used by both landlords and rental property managers.
• Available in MS Word format.
• Intended to be used in the State of Arkansas.

AR rental property managers, easily draw up your client contracts with this downloadable Arkansas Rental Property Management Agreement.

• Exclusive Retainer. The manager is retained on an exclusive basis to rent, lease and manage the rental property.
• Compensation. The manager will be paid a percentage of the monthly rental amount for managing the property. If the manager undertakes additional work outside the scope of its duties, additional fees will be payable.
• Authority. The owner authorizes the manager to collect rents, sign leases, issue late payment notices, undertake legal proceedings, purchase supplies, make repairs, obtain insurance, and pay all recurring bills on the property.
• Indemnification. The owner indemnifies the manager against claims arising from managing the property.
• Tax Forms. The property manager will submit a Form 1099 to the IRS each year for the income derived from the property.

Hire one of your tenants to act as resident manager of your rental building with this Arkansas Agreement to Act as Resident Manager.

• The tenant will act as resident manager of the rental building in exchange for free or reduced rent, plus a monthly management fee.
• The resident manager's duties and responsibilities include:
  • collecting rent and late fees and issuing receipts to tenants;
  • issuing eviction and default notices;
  • inspecting rental units after a tenancy ends and the tenant has vacated;
  • showing empty rental units to prospective tenants;
  • groundskeeping and building maintenance.
• Available in MS Word format and fully editable to fit your circumstances.
• Intended to be used only in the State of Arkansas.

AR tenants, sublet the house or apartment you are renting with this Arkansas Residential Sublease Agreement.

• The landlord must consent to the sublease.
• The subtenant must pay the rent, the utilities and a damage deposit.
• The subtenant must keep the premises in clean and good condition.
• The subtenant cannot assign the sublease without the consent of both the landlord and the original tenant.
• The sublease includes a Premises Inspection Report form for the walkthrough inspection at the beginning and end of the tenancy.
• The file also includes a Co-Signer Agreement, to be used if the subtenant is a minor (such as a student). This agreement would be signed by a parent or guardian, who guarantees to pay any amounts due if the tenant fails to pay.

Prepare a statement of the security deposit amount for a tenant at the end of his/her tenancy with this Security Deposit Refund and Claim Statement for Arkansas tenancies.

• The Statement sets out:
  • the amount of the original security deposit and any additional deposits, less
  • any deductions being made for unpaid rent or utilities, cleaning charges, repair charges,
  • the amount of any refund being paid to the tenant or, alternatively, any additional amount still owing to the landlord.
• This is a reusable rental property form in MS Word format which can be filled in on the computer or by hand.
• Prepared for use in the State of Arkansas.

Transfer title for an Arkansas real estate property to a new owner with this easy-to-use Arkansas Special Warranty Deed form.

• Under a Special Warranty Deed, the seller (grantor) warrants or guarantees the title only against defects arising during his/her ownership of the property but not against title defects existing before that time.
• Title is transferred subject to current taxes and assessments, easements, encumbrances, liens and liabilities.
• Special warranty deeds are often used by executors and trustees to transfer estate property to a beneficiary.
• This form is a downloadable legal document in MS Word format.
• Intended for use only in the State of Arkansas.

Keep your real estate property from going through probate when you die by filing an Arkansas Transfer on Death Deed Form.

• The Transfer on Death Deed (also called a beneficiary deed or a TOD) is signed and filed with the Recorder's Office before the original owner passes away.
• Although the deed is re-titled in the beneficiary's name at this time, the original owner still has rights to the property and can do whatever he or she pleases with the property until the time of his or her death, without the permission of the beneficiary.
• The file also includes a Revocation of Transfer on Death Deed, in case you want to cancel the Transfer on Death Deed after it has been filed.
• The forms are in MS Word format and are easy to use. Download and fill them in, sign them and have them notarized. Then record the deed with the County Recorder.
• Intended for use only in the State of Arkansas.

• payment and refund of security deposit,
• description of the rental property and items supplied, such as appliances, linens, etc.,
• restrictions on use of the property, such as smoking, pets, noise, guests,
• the renter is solely responsible for personal property brought onto the premises,
• fees payable for no-shows, changes or cancellation of the reservation after a certain date.