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Arkansas Code of 1987 (2024)
Title 18 - PROPERTY (§§ 18-1-101 — 18-61-106)
Subtitle 2 - REAL PROPERTY (§§ 18-11-101 — 18-17-913)
Chapter 16 - LANDLORD AND TENANT (§§ 18-16-101 — 18-16-509)
Subchapter 3 - SECURITY DEPOSITS (§§ 18-16-301 — 18-16-306)
Section 18-16-303 - Exemptions
Universal Citation:
AR Code § 18-16-303 (2024)
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- (a) This subchapter shall not apply to dwelling units owned by an individual, if the individual, his or her spouse and minor children, and any and all partnerships, corporations, or other legal entities formed for the purpose of renting dwelling units and of which they are officers, owners, or majority shareholders own, or collectively own, five (5) or fewer dwelling units.
- (b) This exemption does not apply to units for which management, including rent collection, is performed by third persons for a fee.
Acts 1979, No. 531, § 6; A.S.A. 1947, § 50-530.
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