What You Need to Know About Arkansas Lease Agreements
Security Deposit Rules
In Arkansas, the security deposit limit is 2 months' rent. After the tenant moves out, landlords must return the deposit (minus any lawful deductions) within 60 days. Deductions are typically limited to unpaid rent, damages beyond normal wear and tear, and cleaning costs if the unit was left in a condition worse than when the tenant moved in.
Notice Requirements
Arkansas requires 3 days notice for non-payment of rent before a landlord can begin eviction proceedings. For month-to-month tenancies, 30 days written notice is required to terminate. There is no specific statute governing landlord entry notice, though reasonable notice is generally expected.
Late Fees
No statutory limit. Arkansas requires a 5-day grace period before late fees can be assessed.