Arkansas Real Estate Practice Exam

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What must be included in a tenant agreement?

Only the tenant's name and the rental property address.
Name and address of property manager and tenant, payment conditions, security deposit details, and signatures.
Only the payment conditions and amounts.
Only the signatures of the property manager and tenant.

The correct answer is: Name and address of property manager and tenant, payment conditions, security deposit details, and signatures.

A tenant agreement is a legally binding contract between a landlord and a tenant. It outlines the terms and conditions of the rental agreement and is meant to protect both parties. While option A may seem like it covers the basics, it is important to include details such as payment conditions, security deposit information, and signatures of both parties. Option C is also incorrect because it only covers payment conditions and amounts, neglecting other important details. Option D is incorrect because it leaves out important information such as the names and addresses of both parties and the security deposit details. Therefore, the most complete and accurate answer is B, which includes all of the necessary information for a tenant agreement.