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I currently have a rental agreement for my rental properties but I am switching gears and offering my rentals for sale in the state of Arkansas (AR) so I need to make sure the state laws of the contract to purchase and rental agreement coincide. The generic lease option to purchase agreements I currently have are too vague and I want my version to complement my current rental agreement to reference each other in case there was an occurrence of having to go to court. I am hung up on how to word certain criteria that I wish to be in the purchase contract to mirror what needs to be in the rental contract as well regarding payment of rent in the rental agreement and how the option money is non-refundable as liquidated damages. How to address areas such as how bonuses will be applied, and repairs made and when to call if over their head. Need someone with contract experience and familiar with Arkansas Real Estate law. My current rental agreement and generic purchase contracts will be...
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