Arkansas Provision Calculating the Rent Increase

State:
Multi-State
Control #:
US-OL24017D
Format:
Word; 
PDF
Instant download

Description

This office lease provision states that Base Rent shall be $25.50 per rentable square foot. During the Renewal Term, Base Rent shall be increased by the change, if any, in the Consumer Price Index. In no event will the Renewal Rental Rate be less than the Base Rent.

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FAQ

LITTLE ROCK (KATV) ? ing to a study by Rent, Arkansas saw some of the biggest rent increases in the entire country within the past year. The study showed that Arkansas saw an +18.86% increase in rent, above Florida at +17.79% and Mississippi at +17.33%.

(a) A tenant shall not unreasonably withhold consent to the landlord to enter into the dwelling unit in order to inspect the premises, make necessary or agreed repairs, decorations, alterations, or improvements, supply necessary or agreed services, investigate possible rule or lease violations, investigate possible ...

It explicitly states tenants shall comply with housing codes, keep the property safe and clean, dispose of any garbage or waste in a reasonable manner, keep all plumbing fixtures reasonably clean, and other terms. These can be found in Arkansas Code Annotated section 18-17-601.

Act 1052 states that property in the lease or rental agreements entered into or after November 1, 2021 must contain the following: Available source of hot and cold running water.

Arkansas Renters' Rights and Landlord Responsibilities Raising Rent: Landlords in Arkansas may increase the rent to any amount with no notice or justification as long as it is not for discriminatory reasons.

Arkansas tenants have the right to seek a rental unit without being discriminated against by their landlord. On the other hand, tenant rights allow them to report any safety or health violations to the local authorities.

It explicitly states tenants shall comply with housing codes, keep the property safe and clean, dispose of any garbage or waste in a reasonable manner, keep all plumbing fixtures reasonably clean, and other terms. These can be found in Arkansas Code Annotated section 18-17-601.

Raising Rent: Landlords in Arkansas may increase the rent to any amount with no notice or justification as long as it is not for discriminatory reasons.

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Arkansas Provision Calculating the Rent Increase