An Arkansas rent-to-own lease agreement is a rental contract in which the property manager includes an addendum stating the tenant may purchase the property at any point during the leasing term. On the lease document, the parties must stipulate pre-arranged terms for the property’s purchase and sale — commonly ranging from the agreed-upon purchase price to financing availability. The landlord-tenant agreement will act as a lease until the tenant exercises the option to buy.

Seller Disclosures

The following disclosures are required to be completed by the landlord upon the buyer’s decision to purchase the property.

Lead-Based Paint Disclosure – Must be completed if the property was built before January 1, 1978, in accordance with Federal law.

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Arkansas Residential Seller’s Property Disclosure Form – No regulations demand a seller to disclose property defects. However, it is common practice for the seller’s agent to include a property disclosure form in a residential purchase agreement.

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