A Mississippi commercial lease agreement records a landlord-tenant contract for the rent of non-residential property in exchange for a monthly payment. Tenants under a commercial lease typically occupy the space for retail, office, or any other business-related operation. Prior to entering a formal agreement, landlords will often vet potential tenants through background checks that determine the financial eligibility of each prospective renter. Tenants with inadequate fiscal history and who fail to meet the minimum standards may still qualify by completing a personal guarantee. In short, a personal guarantee (or “guaranty”) brings on a co-signer who shall assume liability for lease terms. All parties must sign and execute the lease after reaching agreed-upon conditions.
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Download: Adobe PDF, MS Word, Rich Text Format
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Download: Adobe PDF, MS Word, Rich Text Format