Updated October 11, 2023
A Mississippi commercial lease agreement is a binding contract between a business entity and the property manager of a commercial space. Typically used for retail, office, or industrial purposes, the lease agreement outlines all the terms and conditions of the arrangement, such as the duration of the lease, rent amount, security deposit, and lease renewal. It also includes penalties on late or missed payments and any other breach of contract. Once signed by both parties, the agreement becomes a legally binding contract that is enforceable in a court of law.
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