Arkansas Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent

State:
Multi-State
Control #:
US-OL4A012A
Format:
Word; 
PDF
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Description

This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.

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FAQ

It explicitly states tenants shall comply with housing codes, keep the property safe and clean, dispose of any garbage or waste in a reasonable manner, keep all plumbing fixtures reasonably clean, and other terms. These can be found in Arkansas Code Annotated section 18-17-601.

Act 1052 states that property in the lease or rental agreements entered into or after November 1, 2021 must contain the following: Available source of hot and cold running water.

An escalator clause in a lease provides for an increase in payments based on an increase in an index such as the consumer price index (CPI) or the wholesale price index (WPI).

Most commercial leases contain a rent escalation clause that explains how and when the tenant's rent will increase during the lease term.

A commercial escalation clause is always included in commercial real estate leases. It allows the landlord to increase the rate of your rent ing to a specific timeline or ing to certain triggers included in the clause.

A graduated lease is an agreement under which a tenant and landlord agree to a periodic adjustment of monthly payments. For example, the agreement may reflect an increase in the tenant's payments due to market conditions or an increase in the value of the leased property.

Arkansas Renters' Rights and Landlord Responsibilities Raising Rent: Landlords in Arkansas may increase the rent to any amount with no notice or justification as long as it is not for discriminatory reasons.

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Arkansas Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent