A Mississippi commercial lease agreement is a legally binding contract that explains the conditions of a rental arrangement between a business entity and a landlord. It describes the premises’s type/size, permitted uses, rental terms, operating costs, tax responsibilities, and other relevant terms. It also dictates who’s responsible for maintenance and repairs.
A potential tenant should negotiate all lease provisions to ensure a mutually beneficial relationship. They can inspect the property before proceeding with negotiations to ensure the available space will fulfill their commercial needs. The landlord can also conduct thorough tenant screening via rental applications to ensure they find a suitable tenant.
Mississippi Business Entity Search: Landlords can use this resource to ensure a business has authorization to conduct its operations in the state.
Rental Laws: Mississippi Code Title 75, Chapter 2A.
Consumer Protection Laws: MS Code § 75-2A-104.
Jurisdiction: According to MS Code § 75-2A-106, a jurisdiction must fall into one of two categories. It must be one where the goods are used or where the lessee resides when the agreement comes into effect. If the parties settle on any other jurisdiction, their choice isn’t enforceable.