Mississippi Commercial Lease Agreement
Description
How to fill out Commercial Lease Agreement?
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FAQ
The responsibilities of landlord and tenant will be clearly set out in the lease. Normally commercial landlords are responsible for any structural repairs such as foundations, flooring, roof and exterior walls, and tenants are responsible for non-structural repairs such as air conditioning or plumbing.
A landlord should give a tenant advance notice of intent to enter the unit to conduct an inspection, make repairs or supply services. Only in an emergency can a landlord enter the residence without consent. Consent to enter may be granted within the terms of the lease.
No, lease agreements do not need to be notarized in Mississippi. As long as the lease meets the requirements to be legally binding, it does not need to be notarized in order to be enforceable.
The short answer is No a witness does not need to sign But, there are some exceptions and things to consider. Most agreements do not need witnesses to sign them. Most agreements do not even need to be signed by the parties entering into the agreement. Most agreements do not even need to be in writing.
Commercial leases are legally binding contracts between landlords and commercial tenants. They give tenants the right to use the premises in a particular way for a set period for an agreed rent. Your lease will establish your rights and responsibilities as a tenant, as well as those of your landlord.
Your landlord is responsible for any aspects of health and safety written in the lease (eg in communal areas). You must take reasonable steps to make sure your landlord fulfils these responsibilities. If you get into a dispute with your landlord, you need to keep paying rent - otherwise you may be evicted.
Landlords are normally responsible for any structural repairs needed to maintain commercial properties. This includes exterior walls, foundations, flooring structure and the roof.
Commercial tenants may have the protection of the Landlord and Tenant Act 1954. The Act grants Security of Tenure to tenants who occupy premises for business purposes. The tenancy will continue after the contractual termination date until it is ended in one of the ways specified by the Act.
A lease is automatically void when it is against the law, such as a lease for an illegal purpose. In other circumstances, like fraud or duress, a lease can be declared void at the request of one party but not the other.
