Arkansas Commercial Sublease Agreement

Lease office, retail shopping or other business premises to a tenant with this standard form Arkansas Commercial Lease Agreement.

• The tenant has an option to renew the lease at the end of the term.
• Optional clauses for payment of the property taxes by either the landlord or the tenant, as agreed to between the parties.
• The tenant is responsible for carrying comprehensive public liability, fire and extended coverage insurance.
• Optional clauses included if (i) the landlord is responsible for mechanical and structural repairs, and (ii) if the tenant is responsible for all repairs.
• Parking areas are to be shared by all tenants and their employees and customers.
• Provisions for abatement of rent or termination of the lease in the event of damage, destruction, or condemnation of the building.
• This lease agreement template is available in MS Word format.
• Intended for use only in the State of Arkansas.

Lease office, retail or other business premises to a tenant with this Arkansas Commercial Triple Net Lease Agreement.

This MS Word template is designed for leasing office, retail, or other business premises, and outlines the specific responsibilities of both the landlord (lessor) and tenant (lessee) in a commercial leasing situation.

Triple Net Lease Structure

Under this agreement, the lessee assumes responsibility for all costs and expenses associated with the premises, including structural repairs. This arrangement is referred to as a "triple net lease," meaning the tenant covers virtually all operational costs in addition to the base rent.

Renewal Option

The lessee has the option to renew the lease for an additional term, enabling continued occupancy under the same or renegotiated terms.

Payment of Taxes and Charges

The lessee is obligated to pay all expenses, taxes, levies, and charges related to the premises. This includes all utilities, services, and operating expenses necessary for the conduct of their business.

Insurance Requirements

It is the lessee’s responsibility to maintain appropriate insurance coverage. The required coverage includes fire insurance, extended coverage, and liability insurance for the duration of the lease.

Alterations, Improvements, and Repairs

The lessee is responsible for all alterations, improvements, maintenance, and repairs to the premises. This ensures the property is kept in good condition and all modifications are managed by the tenant.

Damage or Destruction

The agreement contains clauses that address scenarios involving damage, destruction, or condemnation of the building. These clauses specify the procedures for abatement of rent or possible termination of the lease in such events.

Subordination

The lessee agrees to execute a subordination agreement or any other documents required to subordinate the lease to a mortgage or other encumbrance, if requested by the lessor. This provision ensures the lease is subordinate to the lessor’s financing arrangements.

Additional Rent

An optional clause allows for the inclusion of percentage rent in addition to the base rent, should this be applicable. This enables the landlord to receive a portion of the tenant’s business income as additional rent.

Jurisdiction

This Triple Net Lease is intended for use only in the State of Arkansas.

Secure the obligations of a corporate tenant (lessee) under a commercial lease in Arkansas with this unconditional and continuing Guaranty of Commercial Lease.

• The guaranty is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• A guarantee of this type is typically required as an inducement to the landlord (lessor) to sign the lease.
• The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.

Renew and extend a business tenant's lease with this template Arkansas Renewal and Extension of Commercial Lease form.

• The lease is renewed for an additional period (which can be a full lease term or whatever period of time the landlord and tenant agree to).
• The tenant has no further right to extend or renew the lease.
• The rental payments for the new term are agreed to.
• The remaining terms and provisions of the original lease remain in full force and effect.
• This form is for commercial leases only. You will need to use the Extension of Residential Lease form for residential tenancies.
• Intended to be used only in the State of Arkansas.