Mississippi Commercial Lease Agreement Template
The 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 assure that they will be financially capable of paying the monthly amount. Additionally, landlords should verify that the entity is valid by checking it at the Secretary of State’s business database.
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.