Mississippi Commercial Lease Agreement
The Mississippi commercial lease agreement is a basic template for a landlord and tenant to come to an agreement for either retail, office, or industrial property. The form conforms to all State laws (See Title 75, Chapter 2A) and upon the signing of the completed document by both parties the form becomes legal and valid.
Gross – The landlord is required to pay for every cost related to the property, which includes: utilities, maintenance, taxes, water, electricity, heat, and any other costs related to the property.
Modified Gross – The landlord and tenant split up the different costs of the property between the landlord and business owner. The exact costs are typically agreed upon before the lease goes into effect.
Triple Net (NNN) – The best-case scenario for the landlord, and requires the tenant to pay for all of the costs related to the property. This includes the different costs mentioned above for Gross, plus the monthly rent cost the tenant is required to pay over the course of the lease.
- Rental Application – Every lessee should be verified that they are financial capable of paying the monthly amount. To perform this lookup, the landlord will need the potential lessee’s personal and background information including references.
- Secretary of State Lookup – Verify that the entity is valid at the State level by checking it at the Secretary of State’s business database.