This form is an Addendum to a Commercial Lease that covers several leasing issues, such as maintenance and repairs, parking facility use, and insurance coverage requirements.
Mississippi Addendum to Commercial Lease
State:
Mississippi
Control #:
MS-0567A-WG
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Mississippi Addendum To Commercial Lease?
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FAQ
A lease and addendum are esentially the same thing, 'the lease'. The addendum is part of the lease, it does not stand on it's own. If the lease and addendum say different things, but one does not supercede the other, it's ambigious, and the least restrictive clause stands.
A lease addendum allows a landlord or tenant to make changes to a current residential or commercial lease agreement.Once both parties agree and sign, the addendum should be added to the original lease.
The Introduction. The beginning of the lease agreement should contain the name of the landlord and tenant, as well as a statement of the agreement into which they are entering. Rent. Deposit. Taxes. Property Insurance. Utilities and Amenities. Remodeling and Improvements. Repairs and Maintenance.
Read the terms of your agreement. Before you start the process of trying to renegotiate, it's important to clearly understand the terms of your lease agreement. Do research. Write a letter or call to explain your situation. Alter the lease terms.
The Lease Must be in Writing It does not matter if the lease is handwritten or typed. If the lease is for more than one year, it must be in written form and contain the following terms.
An addendum must include the basic elements of any landlord/tenant agreement. You should include the date, the address of the rental property and the names of each party just as you would in the original lease.
Step 1: Obtain a Written Request. Invite the tenant to submit in writing the request to add another person to the lease. Step 2: Check the Property's Occupancy Limit. Step 3: Acquire a Completed Rental Application. Step 4: Make a Decision. Step 5: Review the Details With the Tenants.
Surrender the Lease. One option for getting out of your commercial lease early is to approach your landlord and request to surrender the lease. Early Termination Clause. Some lease agreements will contain an early termination clause (commonly called a break clause). Assignment of Lease. Subletting the Premises. Licensing.
Evaluate the Length of the Lease. Research Comparable Rents. Look for Hidden Costs. Ask for Favorable Clauses. Check the Termination Clause Closely.