Welcome to our Occupancy Agreement Template Arkansas page! Our template is a useful resource for those looking to establish a rental or lease agreement for residential housing. It allows landlords and tenants in Arkansas to outline the terms of occupancy in property leases, ensuring all aspects of your agreement are covered. This legal document can be easily downloaded, edited and adapted to fit your specific needs, making it an invaluable tool for both landlords & tenants. Dive in and explore how you can streamline your leasing process with our comprehensive and customizable Arkansas Occupancy Agreement Template.
1. PARTIES AND PREMISES
This Occupancy Agreement (the “Agreement”) is entered into on this ________ (Date) ________, between ________ (Landlord’s Name) ________, of ________ (Landlord’s Address) ________ , hereinafter referred to as the “Landlord”, and ________ (Tenant’s Name) ________, of ________ (Tenant’s Address) ________, hereinafter referred to as the “Tenant”.
The Landlord rents to the Tenant and the Tenant rents from the Landlord, the premises located at ________ (Property Address) ________. The premises will be used for residential purposes only.
2. TERM OF THE AGREEMENT
The term of this Agreement will start on ________ (Start Date) ________ and will continue until ________ (End Date) ________. Upon termination of the Agreement, Tenant will return the premises and all property of Landlord in a clean and good condition.
3. RENT
Tenant agrees to pay $________ (Rent amount) ________ per month, due on the 1st day of each calendar month. If the Lease begins after the 1st day of the month, the first month’s rent will be prorated.
4. SECURITY DEPOSIT
Upon execution of this Agreement, Tenant will deposit with Landlord the sum of $________ (Security Deposit) ________ as security for compliance with the terms of this Agreement.
5. REPAIR AND MAINTENANCE
Tenant will keep the premises in clean, sanitary, and good condition. If any damage to the premises is caused by Tenant or Tenant’s guests, Tenant will notify Landlord, and Landlord will have the right to repair such damage, and Tenant will be responsible for any reasonable repair costs.
6. INSURANCE
Tenant is responsible for having sufficient insurance to cover all personal property located on the Property. Landlord will not be responsible for any loss of Tenant’s property, whether by theft, fire, acts of God, or otherwise.
7. DEFAULT
If Tenant fails to comply with any of the material provisions of this Agreement, Landlord may terminate this Agreement upon providing proper notice to Tenant.
8. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Arkansas.
9. ENTIRE AGREEMENT
This Agreement contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Agreement.
10. AMENDMENT
This Agreement may be modified or amended in writing by mutual agreement between the parties.
11. SIGNATURES
Landlord: ________ (Landlord’s Name) ________
Signature: ____________ Date: ____________
Tenant: ________ (Tenant’s Name) ________
Signature: ____________ Date: ____________
This agreement is made under the Arkansas Residential Landlord-Tenant Act of 2007 and any violation of the terms of this agreement may result in penalties under the Act.
This is a legally binding document. If not understood, seek legal advice.
Note: As per Arkansas law, the landlord cannot retaliate against the tenant for complaining to a government agency about a code violation or for joining a tenant’s organization.
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If you’re managing property in the Natural State, you might also be interested in our other documents that can help ensure your transactions go smoothly. For instance, our Contract for Deed Template can guide you through the selling process if you’re considering financing a buyer.
When it comes to renting, check out our Contract for Rental Property, which can protect both landlords and tenants. Furthermore, for a more specific scenario like room renting, you might find the Room Rental Agreement Template useful.
Should you be in the process of selling your real estate property, the Contract for Sale of Real Estate in Arkansas could be your go-to resource. Lastly, we offer a versatile template with our Commercial Lease Agreement that can help protect your interests in a commercial rental situation.