Mississippi Attornment Agreement between Lessor and Sublessee of Lessee

• Category: Landlord Tenant - Subordination
• State: Multi-State
• Control #: US-0187BG
• Format: Word; Rich Text

Description

This form is an attornment agreement between lessor and sublessee of lease. Mississippi Attornment Agreement between Lessor and Sublessee of Lessee is a legally binding contract that establishes the relationship between the parties involved in a sublease transaction. It outlines the rights, responsibilities, and obligations of the lessor (original tenant), sublessee (new tenant), and the lessee (original landlord). This agreement ensures a smooth transition of tenancy and protects the interests of all parties involved. In Mississippi, there are primarily two types of Attornment Agreements between Lessor and Sublessee of Lessee that are commonly used: 1. Assignment Sublease Attornment Agreement: An Assignment Sublease Attornment Agreement is entered into when the original tenant (lessee) fully transfers their rights and obligations under the lease to the sublessee (assignee). In this scenario, the sublessee steps into the shoes of the original tenant and assumes all responsibilities and obligations under the lease. The lessor (landlord) agrees to recognize the sublessee as the new tenant and accept rent payments directly from them. 2. Sublease Attornment Agreement: A Sublease Attornment Agreement is used when the original tenant (lessee) remains responsible for the obligations under the lease, but sublets a portion or all of the leased premises to a sublessee. The original tenant retains their rights and responsibilities as the lessee, including rent payment and maintenance obligations. The lessor (landlord) agrees to recognize the sublessee as an occupant of the premises and allows them to enjoy the premises subject to the terms of the original lease. Key provisions typically included in a Mississippi Attornment Agreement between Lessor and Sublessee of Lessee may include: 1. Identification of Parties: Clearly stating the names and addresses of the lessor, sublessee, and lessee. 2. Property Description: Providing a detailed description of the leased premises, including the address, unit number, and any other relevant details. 3. Term and Rent: Specifying the duration of the sublease, the rent amount, and the frequency of rent payment. It may also outline any changes to the conditions or amount of rent compared to the original lease. 4. Maintenance and Repairs: Determining the responsibility for maintenance and repairs between the lessee and sublessee. It may specify whether the sublessee assumes these obligations or if the lessee remains responsible. 5. Access and Use: Outlining the permitted use of the premises by the sublessee and establishing any restrictions or conditions set by the lessor. 6. Indemnification: Stating that both the sublessee and lessee shall indemnify and hold harmless the lessor from any claims, damages, or liabilities arising from their use or occupancy of the premises. 7. Governing Law: Specifying that the Attornment Agreement shall be governed by and interpreted under Mississippi state laws. It is crucial for all parties involved to carefully review and understand the terms and conditions specified in the Attornment Agreement before signing. It is advisable to consult with a legal professional to ensure compliance with state laws and protection of individual rights and interests.

Mississippi Attornment Agreement between Lessor and Sublessee of Lessee is a legally binding contract that establishes the relationship between the parties involved in a sublease transaction. It outlines the rights, responsibilities, and obligations of the lessor (original tenant), sublessee (new tenant), and the lessee (original landlord). This agreement ensures a smooth transition of tenancy and protects the interests of all parties involved. In Mississippi, there are primarily two types of Attornment Agreements between Lessor and Sublessee of Lessee that are commonly used: 1. Assignment Sublease Attornment Agreement: An Assignment Sublease Attornment Agreement is entered into when the original tenant (lessee) fully transfers their rights and obligations under the lease to the sublessee (assignee). In this scenario, the sublessee steps into the shoes of the original tenant and assumes all responsibilities and obligations under the lease. The lessor (landlord) agrees to recognize the sublessee as the new tenant and accept rent payments directly from them. 2. Sublease Attornment Agreement: A Sublease Attornment Agreement is used when the original tenant (lessee) remains responsible for the obligations under the lease, but sublets a portion or all of the leased premises to a sublessee. The original tenant retains their rights and responsibilities as the lessee, including rent payment and maintenance obligations. The lessor (landlord) agrees to recognize the sublessee as an occupant of the premises and allows them to enjoy the premises subject to the terms of the original lease. Key provisions typically included in a Mississippi Attornment Agreement between Lessor and Sublessee of Lessee may include: 1. Identification of Parties: Clearly stating the names and addresses of the lessor, sublessee, and lessee. 2. Property Description: Providing a detailed description of the leased premises, including the address, unit number, and any other relevant details. 3. Term and Rent: Specifying the duration of the sublease, the rent amount, and the frequency of rent payment. It may also outline any changes to the conditions or amount of rent compared to the original lease. 4. Maintenance and Repairs: Determining the responsibility for maintenance and repairs between the lessee and sublessee. It may specify whether the sublessee assumes these obligations or if the lessee remains responsible. 5. Access and Use: Outlining the permitted use of the premises by the sublessee and establishing any restrictions or conditions set by the lessor. 6. Indemnification: Stating that both the sublessee and lessee shall indemnify and hold harmless the lessor from any claims, damages, or liabilities arising from their use or occupancy of the premises. 7. Governing Law: Specifying that the Attornment Agreement shall be governed by and interpreted under Mississippi state laws. It is crucial for all parties involved to carefully review and understand the terms and conditions specified in the Attornment Agreement before signing. It is advisable to consult with a legal professional to ensure compliance with state laws and protection of individual rights and interests.