(a) As used in this section, “local governmental unit” means a political subdivision of this state, including without limitation a county, city, village, or township, if the political subdivision provides local government services for residents in a geographically limited area of this state as its primary purpose and has the power to act primarily on behalf of that area.
(b) (1) As to leasing private residential or commercial property, and except as provided under § 18-16-304, a local governmental unit shall not enact, maintain, or enforce an ordinance or resolution that would have the effect of controlling the amount charged for:(A) Rent;(B) Rental application fees; or(C) Rental deposits.(2) The preemption against rent, rental application fees, and rental deposit control in subdivision (b)(1) of this section applies to all:(A) Landlords;(B) Property owners;(C) Property managers;(D) Tenants;(E) Prospective tenants; and(F) Real estate companies doing business in the State of Arkansas.
(1) As to leasing private residential or commercial property, and except as provided under § 18-16-304, a local governmental unit shall not enact, maintain, or enforce an ordinance or resolution that would have the effect of controlling the amount charged for:(A) Rent;(B) Rental application fees; or(C) Rental deposits.
(A) Rent;
(B) Rental application fees; or
(C) Rental deposits.
(2) The preemption against rent, rental application fees, and rental deposit control in subdivision (b)(1) of this section applies to all:(A) Landlords;(B) Property owners;(C) Property managers;(D) Tenants;(E) Prospective tenants; and(F) Real estate companies doing business in the State of Arkansas.
(A) Landlords;
(B) Property owners;
(C) Property managers;
(D) Tenants;
(E) Prospective tenants; and
(F) Real estate companies doing business in the State of Arkansas.
(c) This section does not impair the right of any local governmental unit to manage and control residential property in which the local governmental unit has a property interest.