Updated April 14, 2023
An Arkansas rent-to-own lease agreement is a rental contract between a landlord and tenant that includes an option to purchase the property. The parties will be entered into a landlord-tenant relationship that is protected under State laws. If at any time during the lease, the tenant decides to purchase the property, the landlord should be informed by certified letter. After notification, the details of the purchase should be included in a purchase contract.
Rental Application – Used by the landlord and tenant when conducting pre-tenancy screening to verify income and employment.