The relationship of landlord/tenant or lessor/lessee is created by contract. The person who owns the real property is known as the lessor or landlord. The lessee, or tenant, is the one who occupies the property.
Tenancies are classified by duration as tenancies for years, from year to year, month to month, and at will. A tenancy for years is one under which the tenant has an estate of definite duration. The term "for years" is used to describe such a tenancy even though the duration of the tenancy is for only one year or for less than a year. A tenancy from year to year or month to month is one under which a tenant, holding an estate in land for an indefinite duration, pays an annual, monthly, or weekly rent.
When land is held for an indefinite period, which may be terminated at any time by the landlord or the tenant, a tenancy at will exists.
A Mississippi Month to Month or Monthly Rental Agreement of Furnished Apartment is a legal document that outlines the terms and conditions between a landlord and a tenant for a short-term rental period. This type of agreement is commonly used when leasing furnished apartments on a monthly basis. These agreements can vary depending on the specific terms negotiated between the landlord and tenant, but they generally include the following key components: 1. Parties Involved: The agreement should clearly identify the landlord (property owner) and tenant (person renting the furnished apartment). 2. Property Description: A detailed description of the furnished apartment, including the address, unit number, and any specific amenities or furnishings included in the rental. 3. Lease Term: This section outlines the length of the rental agreement, specifying that it is on a monthly basis. It clarifies that the rental will automatically renew each month until either party provides notice to terminate the agreement. 4. Rent Payment: The agreement specifies the monthly rental amount, the date it is due, and the accepted payment methods. It may also include any additional charges, such as utilities or parking fees. 5. Security Deposit: This section outlines the amount of the security deposit required to secure the furnished apartment. It also clarifies the purpose of the deposit, how it will be held, and the conditions for its return at the end of the tenancy. 6. Maintenance and Repairs: Both landlord and tenant responsibilities regarding maintenance and repairs are detailed in this section. It may specify that the tenant must promptly report any damages or issues and that the landlord is responsible for fixing them. 7. Termination: The agreement includes information regarding the termination process, such as the notice period required by both parties. It may also mention the consequences of early termination, such as fee penalties or forfeiting the security deposit. 8. Governing Law: This section states that the agreement is governed by the laws of Mississippi, ensuring legal protection for both parties. Different types of Mississippi Month to Month or Monthly Rental Agreements of Furnished Apartments may include variations in terms of specific amenities, limitations, or fees. Some examples of these variations could include pet-friendly apartments, apartments with included housekeeping services, or apartments that provide access to fitness facilities. These specific types of furnished apartments may have additional clauses tailored to those amenities or services.
