Arkansas Commercial Lease Agreement | PDF – MS Word
An Arkansas commercial lease agreement can be used by a company or individual seeking to legally rent property from a landlord for business use. Typically, a landlord will determine the rent payment on a per-square-foot basis. A standard length for the contract is three (3) years, but it may be any term as decided by the tenant and landlord. When executing the document, it is recommended that the signatures be witnessed by a notary public to protect both parties.
The following types of arrangements are standard for commercial leases:
- Gross Lease – A fixed amount that the tenant must pay on a monthly basis until the end of the term.
- Modified Gross – A fixed amount of rent that the tenant must pay along with some of the expenses related to the property such as utilities.
- Triple Net (NNN) – A fixed amount of rent to be paid every month along with every expense that is related to the property which includes (but is not limited to) utilities, real estate taxes, common area maintenance (CAM’s), and insurance.
Arkansas Business Entity Search – Look up the business status of an entity by performing a search on the Secretary of State website.