12 04b BUSINESS LEASE

• Jurisdiction: Arkansas
• Library: Arkansas Form Book - Complete (2023 Ed.)

12-04B BUSINESS LEASE

BUSINESS LEASE

THIS AGREEMENT made between [lessor name] (the Lessor) and [lessee name] (the Lessee), WITNESSETH:

For and in consideration of the covenants and agreements hereinafter contained, Lessor does hereby let, lease, and demise unto Lessee, and Lessee does hereby lease from Lessor, the following-described premises in the city of [city], county of [county], state of Arkansas:

[DESCRIPTION]

TO HAVE AND TO HOLD the same unto the Lessee and unto the Lessee's heirs, successors and assigns, together with all privileges and appurtenances thereunto belonging, for the term and under the conditions hereinafter set forth.

1. TERM. The term of this lease shall be for a period of years, beginning on the [beginning day] day of [month, year], and ending on the [termination day] day of [month, year].

2. RENTAL. As rental for the premises, Lessee shall pay to Lessor rental in the amount of $[rental amount] per month payable monthly in advance on or before the [payment date] day of each month during the term hereof.

[3. UTILITIEs. Lessee shall be responsible for the prompt and full payment, as and when due, of all charges for utilities consumed at the premises including, without limitation, water (including sewer taxes), electricity, gas, telephone, internet and TV cable services.]

[3. UTILITIEs. Lessor shall be responsible for the prompt and full payment, as and when due, of all charges for water (including sewer taxes). Lessee shall be responsible for the prompt and full payment, as and when due, of all charges for other utilities consumed at the premises including, without limitation, electricity, gas, telephone, internet and TV cable services.]

4. TAXES. Lessor shall pay all ad valorem taxes and assessments due to improvement districts or governmental bodies which may be levied, assessed or charged against the leased premises by reason of the real property and premises leased hereunder. Lessee shall be responsible for all taxes attributable to the property of Lessee on the leased premises and for all license, privilege, and occupation taxes levied, assessed, or charged against Lessee on account of the operation of the business from these premises.

5. REPAIRS. Lessor agrees that it will keep and maintain the exterior of the building on the leased premises, including the roof, walls, and exterior plumbing, but excluding plate glass portions thereof, in good condition and repair, and agrees that if the roof or any part of the exterior walls or exterior plumbing of such building, excluding plate glass portions thereof, shall become defective or damaged at any time during the term hereof, upon notice from the Lessee, Lessor will immediately cause repairs to be made and restore the defective portions to good condition. should the Lessor fail or refuse to commence repair of any defective condition within 10 days from receipt of notice of the condition requiring such repair, Lessee may cause the same to be remedied and restored to good condition and may charge the reasonable cost thereof to the Lessor by deducting the cost from the next succeeding rental payments due to Lessor; it is expressly understood and agreed that the Lessor shall not be liable to Lessee for any damages the Lessee may sustain to Lessee's merchandise, business or personal records, equipment, or other property on or in the leased premises by reason of any such defective exterior roof, walls or exterior plumbing.

Lessee agrees to be responsible for the maintenance and normal operating condition of all heating, electrical and air conditioning equipment and interior plumbing on the...