Arkansas Real Property Law

Get help for your business from an Arkansas property law attorney

Arkansas real property law governs the ownership of land rather than personal property. The associated rights and obligations of real property have their origins in the common law of Medieval England. They can therefore be difficult to interpret under a modern legal system.

Some aspects of Arkansas land laws will specifically affect business owners. Environmental laws determine how you dispose of the waste that your business creates and zoning laws regulate the type of business you can run on your property.

Keep the following points in mind when you speak with an Arkansas property lawyer:

1. Property is not a tangible object in the strict legal sense. Rather, it is a collection of rights that are protected by Arkansas property laws. These rights include not only ownership but the right of use.

2. A person that possesses land is entitled to protect his ownership against anyone who is unable to demonstrate a superior claim.

3. A consensual transaction such as a sale or a gift is the most common way of obtaining an interest in property. However, ownership may change without the property owner’s consent, as in the case of bankruptcy or some other court judgment.

Obtain insurance from an agent familiar with property law in Arkansas

The property laws in your state will affect the insurance that your particular business needs. Specific types of property insurance include protection from property damage, public liability and rent interruption.

Find a tax lawyer who is familiar with Arkansas real estate law

Taxes generally are higher on business property than residential property and most businesses will require the services of an Arkansas real estate lawyer. This will ensure you pay your taxes on time and receive any deductions that you are allowed.

Hire an Arkansas real estate attorney to handle real estate transactions

A business owner should have a real estate attorney's assistance in drawing up a contract when buying, selling or renting property. Your attorney can ensure that the contract protects your interests and is legally enforceable.

• Select a lawyer who specializes in Arkansas real property law and is familiar with your particular industry. For example, if you operate an agricultural business, your real estate lawyer should know about the property laws that pertain to farming.

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