Mississippi Modification of a Lease to Extend the Term and Increase the Base Rent

• Category: Leases - Extensions
• State: Multi-State
• Control #: US-02938BG
• Format: Word; Rich Text

Description

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction. A Mississippi Modification of a Lease to Extend the Term and Increase the Base Rent is a legal document used when both the landlord and tenant in Mississippi agree to extend the term of a lease agreement and also increase the base rent amount. In Mississippi, there are various types of lease modifications that can be used to extend the term and increase the base rent, including: 1. Mississippi Residential Lease Modification: This type of modification is used for residential properties where both the landlord and tenant agree to extend the lease term and adjust the base rent amount. It is commonly used when the initial lease agreement is about to expire, but both parties wish to continue their tenancy. 2. Mississippi Commercial Lease Modification: This modification is specific to commercial properties where businesses are involved. It allows the landlord and tenant to mutually agree and negotiate an extension for the lease term and an increase in the base rent. Commercial lease modifications often involve more complex terms and conditions to cater to the unique requirements of commercial spaces. The Mississippi Modification of a Lease to Extend the Term and Increase the Base Rent document typically includes the following key elements: 1. Property Information: This includes details like the address of the property, lease start date, and original lease term. 2. Parties: The names and contact information of both the landlord and tenant are stated, along with their intentions to extend the lease term and increase the base rent. 3. Revised Lease Term: The modification specifies the length of the lease extension, clearly stating the new end date for the extended term. 4. Base Rent Adjustment: The modification outlines the agreed-upon increase in the base rent amount. This includes mentioning the new monthly or annual rent, along with the date from which the new rent is effective. 5. Other Modifications: Additional changes to the lease, if any, such as modifications to maintenance responsibilities, utilities, or any other agreed-upon terms, are mentioned in this section. 6. Execution and Signature: The document must be signed and dated by both the landlord and tenant, indicating their consent to the modifications. It's important to note that a Mississippi Modification of a Lease to Extend the Term and Increase the Base Rent should be created and executed in compliance with Mississippi state laws. It is highly recommended consulting with a legal professional or attorney to ensure the document accurately reflects the intentions of both parties and meets the legal requirements of Mississippi state.

A Mississippi Modification of a Lease to Extend the Term and Increase the Base Rent is a legal document used when both the landlord and tenant in Mississippi agree to extend the term of a lease agreement and also increase the base rent amount. In Mississippi, there are various types of lease modifications that can be used to extend the term and increase the base rent, including: 1. Mississippi Residential Lease Modification: This type of modification is used for residential properties where both the landlord and tenant agree to extend the lease term and adjust the base rent amount. It is commonly used when the initial lease agreement is about to expire, but both parties wish to continue their tenancy. 2. Mississippi Commercial Lease Modification: This modification is specific to commercial properties where businesses are involved. It allows the landlord and tenant to mutually agree and negotiate an extension for the lease term and an increase in the base rent. Commercial lease modifications often involve more complex terms and conditions to cater to the unique requirements of commercial spaces. The Mississippi Modification of a Lease to Extend the Term and Increase the Base Rent document typically includes the following key elements: 1. Property Information: This includes details like the address of the property, lease start date, and original lease term. 2. Parties: The names and contact information of both the landlord and tenant are stated, along with their intentions to extend the lease term and increase the base rent. 3. Revised Lease Term: The modification specifies the length of the lease extension, clearly stating the new end date for the extended term. 4. Base Rent Adjustment: The modification outlines the agreed-upon increase in the base rent amount. This includes mentioning the new monthly or annual rent, along with the date from which the new rent is effective. 5. Other Modifications: Additional changes to the lease, if any, such as modifications to maintenance responsibilities, utilities, or any other agreed-upon terms, are mentioned in this section. 6. Execution and Signature: The document must be signed and dated by both the landlord and tenant, indicating their consent to the modifications. It's important to note that a Mississippi Modification of a Lease to Extend the Term and Increase the Base Rent should be created and executed in compliance with Mississippi state laws. It is highly recommended consulting with a legal professional or attorney to ensure the document accurately reflects the intentions of both parties and meets the legal requirements of Mississippi state.