Fill and Sign the Free Arkansas Lease Agreement Templates PDF Ampamp Docxformswift

U.S. Legal Forms, Inc. http://www.uslegalforms.com Form AR-988LT - 1 - ARKANSAS COMMERCIAL LEASE This lease agreement is entered into on this the ______ day of ______________________, 20 _____, by and between: _______________________________________________________, (hereinafter called “LESSOR”), whether one or more, and _______________________________________________________, (hereinafter called “LESSEE”), whether one or more. For valuable consideration, the receipt and sufficiency of which is hereby acknowledged, LESSOR and LESSEE do hereby covenant, contract and agree as follows: 1. PREMISES AND TERM: LESSOR, hereby leases to LESSEE for the term commencing on the ________ day of ________________________, 20___ and ending on the ______ day of ___________________,20___, (the “TERM”) the following described premises in its present condition, located in _________________ County, Arkansas: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ (hereinafter called the “PREMISES or LEASED PREMISES”). LESSEE also has a right for the benefit of LESSEE, its employees, agents and invitees for access to and from the Leased Premises through the building and over property of LESSOR adjoining the Leased Premises, and to use those parts of the building designated by LESSOR for use by LESSEE, including but not limited to toilet rooms, elevators and unrestricted parking areas, if any. 2. RENEWAL: LESSEE and LESSOR may agree to extend or renew the lease, with any agreed modifications, in a separate, signed document. 3. RENT: The LESSEE covenants to pay to LESSOR as Rent the sum of ____________________Dollars ($__________) per month, (hereinafter “the Rent”), in advance without demand on or before the first day of each month at the office of the LESSOR. The Rent for the month of _______________, which is the first month of this lease shall be paid in the amount of ________________________ Dollars) ($ ___________), which amount is the prorated rent based upon the date this lease commences. The LESSEE shall pay the Rent when due and payable, without any setoff, deduction or prior demand whatsoever. Any payment by LESSEE or acceptance by LESSOR of a lesser amount than shall be due from LESSEE to LESSOR shall be treated as payment on account. The a
Payment shall be made in arrears each month and any payments to lessor in advance shall constitute a debt to lessor. All periodic payments by lessee to lessor shall be made in good faith. The lessee shall not, from any negligence on the part of lessee, refuse to perform any of its obligations hereunder. The lessor agrees to, at the tenant's expense, maintain all areas of, the leased premises, to use all buildings used as leased premises for lessee's convenience, and to give to lessee, at the tenant's expense in arrears an amount sufficient to cover the annual expenses of rent and insurance, and the reasonable costs to the lessor of maintaining those portions of the building which are used, at leased premises, by lessee's staff and invitees. The lessor agrees to make an estimate of the annual lease payments needed to pay the reasonable annual costs of the maintenance of the leased premises, and the tenant agrees to pay those payments on behalf of the lessor. The lessor agrees to maintain and operate all elevators and escalators and to comply with any requirements of city zoning regulations on the leased premises. The landlord shall notify lessor of any changes or repairs required to be made by the lessor to those buildings and elevators which are used for the purpose of the lease. 4. Exchanges among tenants. . 5. Notice to new lessees . 6. Termination of this lease by lessee. 7. Assignment of leased premises by lessee , at any time , for any reason . 8 . Termination of lease by lease , at any time , for any reason . 8. Lease renewal agreement , at any time , on or after , if any, as applicable; but if the is , the contract is terminated upon the death of the owner, without prejudice to termination by the original lessee, at any time , 8. Renewal agreement , at any time , on or after , if any, as applicable. 9 9. Notice of vacancy at leased premises (1) any lessor shall post.