Arkansas Commercial Lease Agreement

The Arkansas commercial lease agreement serves as a foundational document, outlining the terms and conditions under which a commercial property in Arkansas is leased by a landlord to a tenant. This legally binding contract ensures both parties understand their responsibilities and rights, providing a framework for a smooth leasing experience.

Updated on August 16, 2023

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The Arkansas commercial lease agreement serves as a foundational document, outlining the terms and conditions under which a commercial property in Arkansas is leased by a landlord to a tenant. This legally binding contract ensures both parties understand their responsibilities and rights, providing a framework for a smooth leasing experience.

Property Details and Usage

The agreement starts by distinctly specifying the Premises, shedding light on the exact location, including its street, city, state, and ZIP code. This clarity eradicates any possible confusion about the property being leased. The Rentable Space section also details the total expanse available for rent, usually represented in square feet. The USE(S) and Permitted Use(s) sections are paramount. They articulate the approved purposes for which the tenant can utilize the space and delineate the permissible activities, shedding light on any inherent restrictions.

Lease Duration, Rent, and Legalities

The Term section of the agreement is crucial as it specifies the lease’s duration, giving insights into the commencement and potential end dates. Then there’s the Rent section, which is pivotal for both parties. It outlines the rent amount, frequency, and any related financial obligations. Delving into the legal side of things, the agreement is governed by the Arkansas Uniform Commercial Code, as highlighted in the Governing Law section. Both parties must be well-acquainted with this code to ensure their dealings align with state regulations.

Miscellaneous Provisions

Many other sections in the agreement cater to diverse aspects of the lease. For instance, the Deposit section talks about any security deposits required and the conditions for their refund. The Options segment offers insights into potential lease renewal conditions. Additionally, clauses like Landlord’s Right Of Entry ensure that the landlord can inspect the premises under specific conditions, safeguarding their property rights.

Overview of this Lease

  • Premises (Page 1): Details related to premises. Relevant details and user inputs need to be filled in this section.
  • Rentable Space (Page 1): Details related to rentable space. Relevant details and user inputs need to be filled in this section.
  • Initial Term (Page 1): Details related to the initial term. Relevant details and user inputs need to be filled in this section.
  • Monthly Rent (Page 2): Details related to monthly rent. Relevant details and user inputs need to be filled in this section.
  • Security Deposit (Page 2): Details related to security deposit. Relevant details and user inputs need to be filled in this section.
  • Late Fee (Page 2): Details related to late fee. Relevant details and user inputs need to be filled in this section.
  • Renewal Options (Page 3): Details related to renewal options. Relevant details and user inputs need to be filled in this section.
  • Up Front Payment (Page 3): Details related to up front payment. Relevant details and user inputs need to be filled in this section.
  • Possession (Page 3): Details related to possession. Relevant details and user inputs need to be filled in this section.
  • Lessor Indemnity and Liability Insurance (Page 3): Details related to lessor indemnity and liability insurance. Relevant details and user inputs need to be filled in this section.
  • Proportionate Share (Page 4): Details related to proportionate share. Relevant details and user inputs need to be filled in this section.
  • Expenses (Page 4): Details related to expenses. Relevant details and user inputs need to be filled in this section.
  • Damage by Casualty (Page 6): Details related to damage by casualty. Relevant details and user inputs need to be filled in this section.
  • Notices (Page 6): Details related to notices. Relevant details and user inputs need to be filled in this section.
  • Assignment and Subletting (Page 7): Details related to assignment and subletting. Relevant details and user inputs need to be filled in this section.
  • Insurance (Page 7): Details related to insurance. Relevant details and user inputs need to be filled in this section.
  • Repairs and Maintenance (Page 8): Details related to repairs and maintenance. Relevant details and user inputs need to be filled in this section.
  • Termination Upon Sale of Premises (Page 8): Details related to termination upon sale of premises. Relevant details and user inputs need to be filled in this section.
  • Defaults (Page 8): Details related to defaults. Relevant details and user inputs need to be filled in this section.
  • Eminent Domain (Page 8): Details related to eminent domain. Relevant details and user inputs need to be filled in this section.
  • Waiver of Subrogation (Page 8): Details related to waiver of subrogation. Relevant details and user inputs need to be filled in this section.
  • Default and Remedies (Page 8): Details related to default and remedies. Relevant details and user inputs need to be filled in this section.
  • Waiver (Page 9): Details related to waiver. Relevant details and user inputs need to be filled in this section.
  • Subordination (Page 9): Details related to subordination. Relevant details and user inputs need to be filled in this section.
  • Successors (Page 9): Details related to successors. Relevant details and user inputs need to be filled in this section.
  • Quiet Possession (Page 9): Details related to quiet possession. Relevant details and user inputs need to be filled in this section.
  • Authority (Page 9): Details related to authority. Relevant details and user inputs need to be filled in this section.
  • Bankruptcy (Page 9): Details related to bankruptcy. Relevant details and user inputs need to be filled in this section.
  • Entire Agreement (Page 9): Details related to the entire agreement. Relevant details and user inputs need to be filled in this section.
  • Estoppel Certificates (Page 10): Details related to estoppel certificates. Relevant details and user inputs need to be filled in this section.
  • Governing Law (Page 10): Details related to governing law. Relevant details and user inputs need to be filled in this section.
  • Additional Terms and Conditions (Page 10): Details related to additional terms and conditions. Relevant details and user inputs need to be filled in this section.
  • Attachments (Page 10): Details related to attachments. Relevant details and user inputs need to be filled in this section.
  • Signatures (Page 10): Details related to signatures. Relevant details and user inputs need to be filled in this section.