Lake Village, AR Security Deposit Laws 2026
Arkansas limits security deposits to 2 month(s) of rent. In Lake Village, that's $1,760 at the median 2BR rent of $880/month. Miss the 60-day return deadline and you could owe $1,760+.
In Arkansas, landlords must return security deposits within 60 days after move-out. The maximum deposit is 2 month(s) of rent. Failure to return on time or provide an itemized statement can result in penalties of $1,760 or more.
This applies to properties in Lake Village, AR. Check all requirements for your property →
Key Takeaways — Lake Village Security Deposit Laws
- Maximum deposit: 2 month(s) of rent = $1,760 at Lake Village's median rent
- Return deadline: 60 days after tenant moves out
- Penalty for late return: Up to 2x the deposit ($1,760)
- Itemized statement: Required with any deductions
Security Deposit Laws in Lake Village
Under Arkansas law, landlords in Lake Village may collect a maximum security deposit of 2 month(s) of rent. At Lake Village's median 2-bedroom rent of $880/month, that means the most you can legally collect is $1,760.
$1,760
max deposit (2mo × $880)
60 days
return deadline
$1,760
max penalty for late return
Returning the Deposit: The 60-Day Clock
Once a tenant moves out of your Lake Village rental, Arkansas law gives you exactly 60 days to either return the full deposit or provide an itemized statement of deductions. The clock starts on the day the tenant surrenders possession — not when you inspect the unit.
What you can deduct from a security deposit in Lake Village:
- Unpaid rent
- Damage beyond normal wear and tear
- Cleaning costs to restore the unit to move-in condition
- Costs for restoring or replacing personal property (if lease allows)
What you cannot deduct:
- Normal wear and tear (minor scuffs, carpet wear, faded paint)
- Pre-existing damage (document with photos at move-in)
- Professional cleaning if the tenant left the unit in reasonable condition
Penalty Warning
Violate Arkansas security deposit laws rules in Lake Village and you could owe $1,760+. At Lake Village's median rent of $880/month, even a single violation adds up fast.
Lake Village Rental Market Context
Lake Village is the 138th-largest city in Arkansas (population 1,912). With a median 2-bedroom rent of $880/month, it falls in the budget range for Arkansas rental costs — equal to the state median of $880/month.
How Lake Village Compares in Chicot County
Lake Village ranks #2 of 3 cities in Chicot County by population. Because security deposit laws rules are often tied to rent amounts, costs vary across the county.
| City | Population | Median Rent | Max Deposit |
|---|---|---|---|
| Dermott | 2,497 | $880/mo | $1,760 |
| Lake Village | 1,912 | $880/mo | $1,760 |
| Eudora | 1,601 | $880/mo | $1,760 |
Rents based on HUD Fair Market Rents (FY2026) for Chicot County, Arkansas. All cities follow Arkansas state law unless a local ordinance applies.
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How Lake Village Rents Affect Deposit Amounts
Deposit amounts scale with local rents. Here's what Lake Village landlords typically collect:
| Unit Size | Median Rent (Lake Village) | Max Deposit (2mo) | Penalty Risk |
|---|---|---|---|
| Studio | $630/mo | $1,260 | $2,520 |
| 1-Bedroom | $671/mo | $1,342 | $2,684 |
| 2-Bedroom | $880/mo | $1,760 | $3,520 |
| 3-Bedroom | $1,150/mo | $2,300 | $4,600 |
Rents based on HUD Fair Market Rents (FY2026) for Chicot County.
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More Lake Village Landlord Laws
Security Deposit Laws in Nearby Cities
Own properties in multiple cities? Rules may differ locally:
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Download Free ChecklistReviewed by Rachid Abadli
Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019
LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.
