Arkansas Sub-lease Agreement
In Arkansas, a sub-lease agreement consists of a tenant of a property (called the “sub-lessor”) that co-rents the property out to another individual or party, called the “sub-lessee”. The sub-lessor should remember to inform the landlord whenever there is another party assisting to pay the rent. However, unfortunately for the sub-lessor, if the sub-lessee does not make a payment to the sub-lessor for a certain month, the sub-lessor has to pay the rent to the landlord in full by his or her own means. While some might consider this unfair, a wise sub-lessor will do a background and credit check (use the rental application) on the potential sub-lessee into the property. The sub-lesser should also remember to set basic rules for the sub-lessee, and if broken, the sub-lessee should face firm restrictions or even eviction.
- The sub-lessor should recognize that any sub-tenant shall be treated with the same respect and must follow the same Landlord-Tenant Laws as a landlord would treat a fellow tenant.
The Lead-Based Paint Disclosure is required via federal law for any building built before 1978. This information can be obtained from the building or assessor’s office in the property’s jurisdiction.