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Standard Lease for Little Rock?
BP,
My grandmother is getting ready to lose one of her tenants who is moving away. When she was with us for the holidays we discovered that she has not used a lease for her previous tenants.
The only way I understand her reasoning for this is because she is old school.
Can someone please share with me the current Little Rock area standard lease used be Realtors? Or if someone manages their own rentals, perhaps you would share the lease you use with your properties. Thanks in advance!
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I am the current President of the Landlord Association in Little Rock. There really is no such thing as a "standard" lease in any given area. I'm a little pedantic about the reference to standards when it comes to contracts. The only state "standard" I'm aware of is the State Board of Realtor's purchase and sale contract, which is not really the space I play in unless I happen to be in a deal where I'm using a Realtor.
But soapbox aside, I will gladly share my current lease with you. It has been reviewed by a local real estate attorney. There is little in the way of anything specific to Arkansas or Little Rock. Use it and edit it as you see fit. Feel free to contact me directly if you have questions.
Also if interested I can refer you or your grandmother to the local real estate lawyers, there's only a few.