Property

AR landlords, notify your business tenants that their leases have been transferred to a new landlord with this Arkansas Notice to Tenants of Assignment of Commercial Lease.

• The landlord must give notice of the assignment to all leasehold tenants following the sale of the premises to a new owner.
• The Notice also instructs the tenants that rent is now to be paid to the new landlord.
• This is a reusable commercial landlord-tenant notice. Buy it, download it, use it as often as you need to.
• This is a downloadable, fully editable MS Word template.
• Intended for use only in the State of Arkansas.

Get your landlord's consent to assign your lease or sublet your rental unit for the rest of the lease term with this Arkansas Permission Agreement to Sublet or Assign Lease.

• The new tenant must meet the landlord's requirements, and the landlord must give its written approval of the new tenant.
• The form contains clauses for either an assignment of the lease or a sublease of the premises.
• The landlord has the option to hold the existing tenant responsible for performing the tenant's obligations until the end of the lease term, or alternatively, to release the tenant from all obligations under the lease once a new tenant is approved.
• This form is available as a downloadable and fully editable MS Word template.
• Intended to be used only in the State of Arkansas.

Transfer title to a real estate property in Arkansas from two spouses to one person with this easy-to-use Quitclaim Deed form.

• Under the Quitclaim Deed, the transferors (grantors) convey all of their interest in the property to the transferee (grantee) but do not provide any warranties regarding the property.
• This form of Deed is often used following a divorce, to remove one spouse's name from title to the property.
• The form is available in MS Word format and is easy to use and fully customizable.
• Intended to be used only in the State of Arkansas.

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.