The downloadable and easy-to-edit format ensures you can adapt the rental agreement to suit your unique circumstances. Utilize this template to streamline your commercial lease agreement process in the state of Arkansas and safeguard your interests in a legally compliant manner.
COMMERCIAL LEASE AGREEMENT
This Commercial Lease Agreement (“Lease”) is made and effective this ___________ (date), by and between ___________ (hereinafter “Landlord”), and ___________ (hereinafter “Tenant”).1. PREMISES
Landlord rents to Tenant and Tenant rents from Landlord, the premises located at ___________. The premises will be used for ___________.2. TERM
The initial term of this Lease begins on ___________, and ends on ___________. Thereafter, the Lease will continue on a month-to-month basis until either Landlord or Tenant terminate this Lease with written notice.3. RENT
Tenant agrees to pay $_____ per month, due on the 1st day of each calendar month.4. SECURITY DEPOSIT
Upon the due execution of this Lease, Tenant will deposit with Landlord the sum of $_____ as security for Tenant’s faithful performance of Tenant’s obligations under this Lease.5. USE OF PREMISES
The premises will be used for commercial purposes only. The Tenant will comply with all the laws and rules affecting the premises.6. REPAIR AND MAINTENANCE
Tenant will keep the premises in good condition. Tenant will notify Landlord promptly of any damage to the premises.7. INSURANCE
Tenant will maintain a standard form of comprehensive public liability insurance.8. DEFAULT
If Tenant fails to comply with any of the material provisions of this Lease, or of any present rules and regulations governing the premises, Landlord may terminate this Lease upon providing proper notice to Tenant.9. ARKANSAS LAW
This Lease will be governed by and construed in accordance with the laws of the State of Arkansas.10. ENTIRE AGREEMENT
This Lease contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Lease. IN WITNESS WHEREOF, the parties have executed this Lease at the place and date first above written. ______________________ ______________________ Landlord’s Name Tenant’s Name ______________________ ______________________ Landlord’s Signature Tenant’s Signature ______________________ ______________________ Date Date Note: Arkansas law requires that any lease agreement longer than one year must be in writing to be enforceable (A.C.A. § 4-59-101).Download Contract
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