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Glossary · Doing the deal

Arm's-length lease agreement

In short

A lease negotiated independently between two unrelated parties, ensuring fair market terms without preferential treatment. Buyers care because the SBA requires this if you're leasing property from the seller or a related entity, ensuring the rent is legitimate and market-based.

What it means in a deal

If the seller (or an affiliate) will be your landlord post-acquisition, the SBA mandates an arm's-length lease. This means the rent must be at fair market value, supported by an appraisal or market analysis, and the lease terms cannot be overly favorable to either party. Your lender will scrutinize this.

Official sources

13 CFR Part 120 — Business Loans

Office of the Federal Register · Federal regulation

SOP 50 10 — Lender and Development Company Loan Programs

U.S. Small Business Administration · SBA Standard Operating Procedure

Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.

Common questions about Arm's-length lease agreement

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Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.

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