Arkansas Commercial Lease: Types, Key Terms To Know, Costs

Reviewed for legal accuracy by Forest Hamilton JD

Quick Facts — Commercial Lease Lawyers

The Arkansas commercial lease agreement is a statutory arrangement specifying terms between a landlord (lessor) or commercial tenant (lessee) for industrial, rental, retail, or office areas. Even when there is no maximum or minimum lease duration for commercial properties in Arkansas, they typically remain valid for one to three years. Once signed, the Arkansas tribunal assumes a commercial lease agreement to be a lawfully valid contract.

Types of Arkansas Commercial Lease Agreements

The three types of commercial lease agreements in Arkansas are as follows:

  1. Gross Lease Agreement - The lessee pays the lessor the specified amount at the time set in the agreement.

  2. Triple Net - The lessee pays the lessor a rent amount specified in terms of the contract with the addition of all other expenditures related to the leased property, such as taxes, utilities, maintenance, and insurance.

  3. Modified Gross - The lessee pays the lessor the specified amount and at the time specified in the contract provisions with the addition of other expenditures, such as utilities.

Arkansas Commercial Landlord/Tenant Law

  • Landlords must mention whether the property can be modified for renovation or signage in the agreement.

  • Landlords in Arkansas must include a section regarding the allowance of hazardous or illegal materials that can be stored on-premise in the agreement.

  • Landlords must add a lead paint disclosure about the usage of lead paint for properties built before 1978 in the agreement.

  • Landlords in Arkansas have the right to collect rent payments, and security deposits to cover excessive damages to the property, and seek an eviction claim if the tenant violates the terms and conditions of the lease.

  • Both landlords and tenants must express consent to the terms stated in the agreement by notarizing the document.

  • Tenants must keep the property in the same condition they received it.

  • Tenants do not have the right to withhold rent payments or deduct repair costs from future rent payments as per Arkansas law.

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I offer top-tier legal expertise in startups, corporate governance, and general legal research. As a professor and published author, I have established myself as a legal expert, writer, and scholar. My strong research skills and innovative thinking make me a highly capable business consultant, legal adviser, and copywriter. Currently licensed to practice in Minnesota and Arkansas. Recent freelance projects include business plans, contract drafting, legal advisory memoranda, due diligence, pre-trial motion practice, and discovery review.

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Lynette P.

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13 Yrs Experience
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St. Mary's University School of Law

I am licensed in both Texas and Arkansas but actively working in Arkansas. My primary focus is criminal defense, family law, and estate planning (wills and trusts).

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