12 04c SHOPPING CENTER LEASE

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

12-04C SHOPPING CENTER LEASE

SHOPPING CENTER LEASE

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

The Lessor has agreed to lease and does hereby lease, let and demise unto Lessee, and Lessee has agreed and does hereby lease from Lessor, the following-described property located in the city of [city], [county] County, Arkansas:

[DESCRIPTION]

The Lessee shall hold under Lessor subject to the following terms and conditions:

1. Term. The term of this lease is for [lease term years] years beginning on the [beginning date] day of [beginning month, year], and expiring on the [termination date] day of [termination month, year], subject to the right of prior cancellation set forth herein.

2. Rental. The Lessee covenants to pay to the Lessor in the office of the Lessor, [lessor address], [city], Arkansas, or at such other place as Lessor may from time to time designate in writing, a fixed minimum rent of $[rental amount] per month, payable in cash, on or before the [rental due date] day of each month of the lease term.

3. Uses. It is understood that the Lessee shall conduct and operate from the leased premises a [nature of lessee business], and Lessor expressly agrees with Lessee that Lessee may conduct such business or related businesses on the leased premises during the term of this lease. Lessee shall not engage in materially different business on the premises without first obtaining Lessor's written consent therefore. Lessee further covenants and agrees that Lessee will comply with all valid laws, statutes, ordinances, regulations and legal requirements governing the use of the premises and the business conducted thereon, and that Lessee will not permit or suffer the leased premises to be used for any illegal business or occupation to create a nuisance or to create dangerous conditions affecting other persons or property.

4. Maintenance of Leased Premises. The Lessee shall be liable for all license fees, occupation taxes and the like in connection with the operation of any business on the leased premises, and shall pay all charges incurred by Lessee in connection with utility services of whatever kind or nature including any sewer charges and pickup of Lessee's trash and garbage.

The Lessee shall be responsible for maintaining the improvements upon the leased premises in a satisfactory condition and the premises shall, at all times, be maintained in a neat and orderly condition. Lessee's business operations will be carried on in accordance with the highest standards for such businesses, particularly in the areas of cleanliness and service.

5. Repairs. (a) Lessee will keep the leased premises in good repair, [excepting the roof, plumbing to the wall of the leased building, and exterior walls, but] including interior plumbing, heating and air conditioning units, water pipes, doors, store front, plate glass, gas pipes, electrical wires and fixtures, and floors. [Lessor will keep the exterior walls, plumbing to the wall of the leased buildings, and roof in good repair; provided, however, that the Lessor will never be held liable for damages for failure to repair the roof or walls in an amount exceeding the cost of making such repairs.] [In the event the exterior walls should so deteriorate as to require rebuilding, or if the cost of repairing the exterior walls or the roof shall exceed the sum of $[cost-of-repair threshold], then the Lessor shall have the right to terminate this lease upon giving 30 days' notice to the Lessee.] The Lessee shall notify the Lessor promptly of the need of any repairs on the leased premises which are the responsibility of the Lessor.

(b) Lessee shall obtain and maintain in full force and effect a contract with a service company acceptable to Lessor providing for periodic maintenance of and service to the heating and air conditioning units serving the leased building requiring not less than six service calls per year. The Lessee agrees that it will provide Lessor with a copy of such contracts and of all amendments thereto.

6. Fire Hazard. Lessee will not do or permit anything to be done in, upon or about the leased premises that increases the fire hazard beyond that which exists by reason of the ordinary use or occupancy of the premises for the purpose specified in Paragraph 3, above.

7. Alterations or Additions. The Lessee acknowledges that the building subject to this lease is delivered and the Lessor has made no commitment to further finish the business interior [except as may be shown on Exhibit A hereto]. The Lessee shall make any desired alterations or additions, including floor covering, to the leased premises at its sole expense, subject to prior approval by the Lessor. Any inside partitions which the Lessee may cause to be erected shall be of type similar to partitions existing on the leased premises. In the event any changes, alterations or additions are required by law, ordinance or regulations of the Fire Department or Board of Health, then the cost of such changes, alterations or additions shall be paid by the Lessee.

8. Taxes. The...