This office lease form describes the provision used when under certain circumstances, the landlord is unable to give possession of the demised premises on the date of the commencement of the term.
Mississippi Standard Provision: Delivery Delay of Premises In Mississippi, when it comes to leases or contracts involving real estate, it is common to include a standard provision to address scenarios where the delivery of the premises is delayed. This provision aims to protect both parties involved by clarifying their rights, responsibilities, and potential remedies in case of such delays. The Mississippi Standard Provision Used When Delivery of the Premises Is Delayed can vary depending on the specific lease or contract, but there are a few key elements commonly covered: 1. Definition and Scope: The provision typically starts by defining the term "delivery of the premises" and clarifying the scope of the provision. It may specify whether it applies to residential or commercial leases and outline the specific circumstances that constitute a delay in delivery. 2. Notice Requirement: To initiate the provision, it is essential for the party that experiences the delay or anticipates a delay to provide timely notice to the other party. The provision may specify the form and method of notice, such as written notification or via certified mail. 3. Cure Period: Upon receiving notice of a delivery delay, the provision may grant the party responsible for the delay a specific period known as the "cure period" to rectify the situation and deliver the premises as agreed. This period allows the responsible party to address any unforeseen circumstances causing the delay. 4. Remedies: The provision should outline the potential remedies available to both parties in case of a delivery delay. These remedies aim to provide just compensation and address any damages or losses incurred by the party affected by the delay. Common remedies may include granter/landlord's liability for temporary housing costs or a reduction in rent for the duration of the delay. Types of Mississippi Standard Provisions Used When Delivery of the Premises Is Delayed: 1. Residential Lease Delay Provision: This type of provision is specifically tailored for residential lease agreements. It incorporates necessary details related to residential leases, including any specific tenant rights and responsibilities, considerations for repairs, and potential penalties for non-compliance. 2. Commercial Lease Delay Provision: A commercial lease delay provision is designed for contracts involving commercial properties or businesses. It may include additional considerations, such as any specific requirements for commercial build-outs, equipment installation, or government permits that may affect delivery timelines. Remember, the specific language and details of the Mississippi Standard Provision Used When Delivery of the Premises Is Delayed may vary depending on the circumstances and the negotiation between the parties involved. It is essential to review and understand the terms and conditions of the provision before entering into any lease or contract agreement.
Mississippi Standard Provision: Delivery Delay of Premises In Mississippi, when it comes to leases or contracts involving real estate, it is common to include a standard provision to address scenarios where the delivery of the premises is delayed. This provision aims to protect both parties involved by clarifying their rights, responsibilities, and potential remedies in case of such delays. The Mississippi Standard Provision Used When Delivery of the Premises Is Delayed can vary depending on the specific lease or contract, but there are a few key elements commonly covered: 1. Definition and Scope: The provision typically starts by defining the term "delivery of the premises" and clarifying the scope of the provision. It may specify whether it applies to residential or commercial leases and outline the specific circumstances that constitute a delay in delivery. 2. Notice Requirement: To initiate the provision, it is essential for the party that experiences the delay or anticipates a delay to provide timely notice to the other party. The provision may specify the form and method of notice, such as written notification or via certified mail. 3. Cure Period: Upon receiving notice of a delivery delay, the provision may grant the party responsible for the delay a specific period known as the "cure period" to rectify the situation and deliver the premises as agreed. This period allows the responsible party to address any unforeseen circumstances causing the delay. 4. Remedies: The provision should outline the potential remedies available to both parties in case of a delivery delay. These remedies aim to provide just compensation and address any damages or losses incurred by the party affected by the delay. Common remedies may include granter/landlord's liability for temporary housing costs or a reduction in rent for the duration of the delay. Types of Mississippi Standard Provisions Used When Delivery of the Premises Is Delayed: 1. Residential Lease Delay Provision: This type of provision is specifically tailored for residential lease agreements. It incorporates necessary details related to residential leases, including any specific tenant rights and responsibilities, considerations for repairs, and potential penalties for non-compliance. 2. Commercial Lease Delay Provision: A commercial lease delay provision is designed for contracts involving commercial properties or businesses. It may include additional considerations, such as any specific requirements for commercial build-outs, equipment installation, or government permits that may affect delivery timelines. Remember, the specific language and details of the Mississippi Standard Provision Used When Delivery of the Premises Is Delayed may vary depending on the circumstances and the negotiation between the parties involved. It is essential to review and understand the terms and conditions of the provision before entering into any lease or contract agreement.
