Arkansas Monthly Rental Agreement Template Page 4
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- The Tenant is required to pay a Deposit for ____________________
to the Landlord in the amount of $______________________._______.
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- The Tenant is not required to pay any other Deposit.
If the Tenant has paid a deposit to the Landlord, it shall be kept in a separate
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interest bearing
non-interest bearing account for the benefit of the Tenant.
All deposits shall be returned to the Tenant within _____ days after the Tenant
has vacated the property or the end of the term, whichever is later. If the
Landlord withholds any amount of the deposit, the Landlord agrees to provide an
itemized list of any deductions.
VI. Late Payment. If the rent has not been paid in full by the due date the
Landlord has the right to:
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- Charge the Tenant a penalty of $______________________._______ per
day until the rent is paid in full.
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- Charge the Tenant a penalty of _________________ percent (_____%) of
the rental amount per day until the rent is paid in full.
*Note that many states provide for a maximum penalty that may be charged for
the late payment of rent, and that many states do not consider rent to be late until
a period of days have expired the agreed-upon due date.
VII. Utilities. Landlord and Tenant agree that the following utilities shall be the
responsibility of:
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Cable -
Landlord
Tenant
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Electricity -
Landlord
Tenant
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Heat -
Landlord
Tenant
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Internet -
Landlord
Tenant
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Trash -
Landlord
Tenant
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Water -
Landlord
Tenant
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Other -
Landlord
Tenant
_______________________________________________________________.
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