An Arkansas commercial lease agreement is a legally binding document designed for businesses engaged in leasing properties within the state. It outlines the terms and conditions governing the landlord-tenant relationship in commercial leasing transactions. This agreement addresses critical aspects such as lease duration, rent specifications, and property taxes and establishes clear expectations between the parties.
The document also incorporates provisions for lease renewal options. This allows both parties to extend the lease on mutually agreeable terms, contributes to the success of businesses, and maintains high occupancy rates for landlords.
Arkansas Business Entity Search: Landlords can verify if corporations and other business entities are registered in the state.
REQUIREMENTS
Rental Laws: Arkansas Code § 18-17-912 (Commercial leases).
Consumer Protection Laws: Ark. Code § 4-2A-104 (1)(c).
Jurisdiction: Under Ark. Code § 4-2A-106, the legal jurisdiction should either be where the lessee resides at the time the lease agreement becomes enforceable, within 30 days thereafter, or where the leased property is located. If the selected law or forum lacks jurisdiction over the lessee, the choice is not enforceable.
