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Arkansas Commercial Lease Agreement


Arkansas Commercial Lease Agreement
Arkansas Commercial Lease Agreement
ARKANSAS COMMERCIAL LEASE AGREEMENT
This Commercial Lease Agreement ("Lease") is made and effective [Date], by and
between [Landlord]("Landlord") and [Tenant] ("Tenant").
Landlord is the owner of land and improvements commonly known and numbered as [Address
of Building] and legally described as follows (the "Building"): [Legal Description of Building]
Landlord makes available for lease a portion of the Building designated as [Suite or Other
Number of Leased Building] (the "Leased Premises").
Landlord desires to lease the Leased Premises to Tenant, and Tenant desires to lease the
Leased Premises from Landlord for the term, at the rental and upon the covenants, conditions
and provisions herein set forth.
THEREFORE, in consideration of the mutual promises herein, contained and other good and
valuable consideration, it is agreed:
1. Term.
A. Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby leases the same
from Landlord, for an "Initial Term" beginning [Start Date] and ending [End Date] . Landlord
shall use its best efforts to give Tenant possession as nearly as possible at the beginning of the
Lease term. If Landlord is unable to timely provide the Leased Premises, rent shall abate for
the period of delay. Tenant shall make no other claim against Landlord for any such delay.
B. Tenant may renew the Lease for one extended term of [Renewal Term]. Tenant shall
exercise such renewal option, if at all, by giving written notice to Landlord not less than ninety
(90) days prior to the expiration of the Initial Term. The renewal term shall be at the rental set
forth below and otherwise upon the same convenants, conditions and provisions as provided in
this Lease.
2. Rental.
Arkansas Commercial Lease Agreement
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