This Arkansas Commercial Lease Agreement may be used for any business leasing real estate for a lawful purpose. This 10 page contract comes complete with the ability to choose from one of the industry accepted expense options for deciding how the lease is to be calculated.
Whether its for retail, restaurants, executive centers, or industrial space, this lease can accommodate most business needs.
Modified Gross – In addition to the rent, the Tenant shall be responsible for the specific additional expenses that are agreed upon and itemized in the lease.
Triple Net (NNN) – In addition to the rent, the Tenant agrees to pay for their share of the operating expenses of the entire building (as well as the taxes and insurance). This is typically calculated by determining the Tenant’s percentage of the total building area square footage.