The Arkansas Commercial Lease Agreement is for any type of business seeking to operate out of office, retail, or industrial property by paying monthly rent to a property owner. The landlord that is involved will most likely want to view the business entities’ history by checking it’s status with the Secretary of State’s office and by performing a business credit check. If the business does not come back to the landlord’s requirements then a personal guaranty should be completed.
3 Types of Commercial Leases
The most common type, the tenant pays a single amount of money every month to the landlord and is not obligated to pay expenditures related to the property such as real estate taxes, common area maintenance (CAM’s), and insurance. The tenant may still be obligated to pay for water/sewer and electricity but will be determined on what goes into writing.
The tenant is obligated to pay a monthly rent amount to the landlord including some of the expenses related to the property including real estate taxes, common area maintenance, or insurance.
The landlord expects to be paid a specified rent amount in addition to all expenses being related to the property including real estate taxes, common area maintenance, and insurance. This type is common among national tenants and land-leases.