This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
Mississippi Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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US-OL4A012A
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FAQ
Raising Rent ? Landlords in Mississippi may increase the rent to any amount with no notice or justification. Notice of Entry ? Mississippi does not require any notice before entering the unit or property. Repairs ? Landlords must make repairs within 30 days of receiving written notice.
During your tenancy, your landlord is also required to maintain the premises in a habitable condition. This means they must, among other things, comply with building and housing codes materially affecting health and safety, and maintain the unit in substantially the same condition it was in at the start of the lease.
Under Mississippi eviction laws, landlords must adhere to the notice requirements and provide a written notice to tenants before initiating eviction proceedings. For nonpayment of rent, the notice period is 3 days, during which the tenant has the opportunity to pay the outstanding rent in order to avoid eviction.
Index Lease - A type of graduated lease in which the periodic rent increase are tied to increases in the consumer price index, or some other economic indicator.
Rent Due Date: There is no statute in Mississippi specifying when rent should be due. The date and location at which rent is due should be included in a Mississippi lease agreement. Application Fees: Rental application fees are not regulated in Mississippi. Rent Increases: Rent control is banned in Mississippi (Miss.
The amount of rent in a month to month tenancy can be increased by giving 30 days notice. In a fixed term lease, the rent cannot be increased until the lease is renewed, unless there is a provision in the lease providing for rent increases.
Variable CPI Rent Increase Also known as indexed rental escalation, this type increases the base rent to keep up with inflation.
A commercial escalation clause is always included in commercial real estate leases. It allows the landlord to increase the rate of your rent ing to a specific timeline or ing to certain triggers included in the clause.
