A Mississippi lease agreement is a document that binds a landlord and a tenant to the terms and conditions of renting commercial/residential real estate. It will dictate the cost of rent, the responsibilities of the tenant, the potential causes for termination, and the length of the lease. Generally speaking, the landlord will screen all applicants to ensure that they’re suitable for tenancy and have sufficient income to pay rent. Once all terms have been reviewed by the parties, each applicable signatory can provide their signature to render the document legally binding.
Rental Application – A rental application is a document filled out by a tenant who wishes to rent out a piece of property. It will provide their financial and personal information to give the landlord enough information to ascertain whether or not they are a viable candidate.
Commercial Lease Agreement – This agreement is used to rent out commercial real estate such as warehouses, retail outlets, restaurants, or office space.
Rent-to-Own Agreement (Lease Option) – Enables a tenant to become a buyer after they rent residential property for a specific period of time and meet certain financial expectations and other obligations.
Month-to-Month Lease Agreement – This agreement is also called an at-will lease as it allows the tenant to renew the lease with a rent payment, but terminate the agreement at any time with sufficient notice.
Roommate Agreement – The roommate agreement allows individuals sharing an apartment, house, or other domicile to determine the division of utilities, rent, and other responsibilities.
Standard (1-year) Lease Agreement – This agreement is used for most residential rental properties. It has a one-year term and relays the standard information required in a rental agreement for both parties to sign off on.
Sublease Agreement – The sublease agreement enables a tenant to rent out their space to a third-party sublessee.
Lead-Based Paint Disclosure – This is a federally-required disclosure form that must be presented to all tenants prior to the commencement of a tenancy if the property being rented was built prior to the year 1978.
- Chapter 7 – Landlord and Tenant (§§ 89-7-1 – 89-7-125)
- Chapter 8 – Residential Landlord and Tenant Act (§§ 89-8-1 – 89-8-29)
General Access – No statute. (At least twenty-four (24) hours is recommended.)
Emergency Access – No statute.
Grace Period – No statute.
Maximum Fees ($) – No statute.
Rent Increase Notice – No statute.
Maximum Amount ($) – No statute.
Returning to Tenant (§ 89-8-21) – The security deposit must be returned to the tenant within forty-five (45) days of the lease termination.
Interest Required? – No statute.
Separate Bank Account? – No statute.