Mississippi Commercial Lease Agreement Template
A Mississippi commercial lease agreement is a basic template for a landlord and a business tenant to come to an agreement for either retail, office, or industrial property. Upon the signing of the completed document by both parties, the form becomes legal and valid. Landlords should have every potential lessee complete a rental application form to ensure that they will be financially capable of paying the monthly amount. Additionally, landlords should verify that the entity is valid by researching it via the Secretary of State’s business database.
Gross – The landlord is required to pay for every cost related to the property including maintenance, taxes, water, electricity, heating and all other applicable utilities.
Modified Gross – The landlord and tenant split the different costs of the property. The division of utilities is usually agreed upon and laid out in the rental agreement before the lease goes into effect.
Triple Net (NNN) – The best-case scenario landlord as it requires the tenant to pay for all of the costs related to the property.