Under Arkansas law, within how many days must a landlord return a tenant's security deposit after the tenancy ends?
Correct Answer
C) 60 days
Under the Arkansas Residential Landlord-Tenant Act (Ark. Code Ann. § 18-16-305), a landlord must return the tenant's security deposit, along with an itemized written statement of any deductions, within 60 days after the termination of the tenancy and the tenant's vacation of the premises. Failure to comply may result in the landlord forfeiting the right to retain any portion of the deposit.
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Related Topics & Key Terms
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Related Concepts
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
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