The agreement by which one party holds possession of the real property owned by another is a lease. 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.
The relationship of landlord and tenant is created by contract. An oral lease is valid at common law, but statutes in most States require written leases for certain tenancies. Many States provide that a lease for a term exceeding three years must be in writing. Statutes in other States require written leases when the term exceeds one year.
The following elements are necessary to the establishment of the relationship of landlord and tenant:
" The occupying of the land must be with the consent of the landlord.
" A reversionary interest in the land must remain in the landlord. That is, the landlord must be entitled to retake the possession of the land upon the expiration of the lease.
" The tenant must have present possession in the land. This means a right to be in possession of the land now.
A Mississippi Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements is a legal agreement between a property owner (lessor) and a tenant (lessee) in the state of Mississippi. This type of lease grants the lessee the authority to construct improvements or make structural changes on the leased property or lot. Keywords: 1. Mississippi lease: This indicates that the lease agreement is specific to the state of Mississippi. 2. Rental of vacant property: Refers to the act of leasing or renting a property that is currently unoccupied or unleashed. 3. Lot: Denotes a piece of land or property. 4. Lessee: The tenant or renter who enters into the lease agreement. 5. Construct improvements: Refers to the right given to the lessee to make enhancements or structural changes to the property. 6. Lease agreement: The legal document that outlines the terms and conditions of the lease. Types of Mississippi Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements: 1. Commercial lease with construction rights: This type of lease agreement is specifically tailored for commercial properties, allowing the lessee to construct improvements to meet their business needs and requirements. 2. Residential lease with improvement rights: This type of lease agreement is designed for residential properties, granting the lessee the right to make necessary improvements to enhance the living conditions within the leased property. 3. Agricultural lease with improvement rights: This type of lease agreement applies to vacant land or lots intended for agricultural purposes. The lessee may have the right to construct improvements like barns, fences, or irrigation systems to support their farming activities. It's important to note that these types of leases may have additional subcategories depending on the specific nature of the lease agreement, such as short-term or long-term leases, lease renewal options, rent payment schedules, etc.
