Many commercial properties in Mississippi have longer lease terms than residential rentals, so it is particularly important that you understand the terms you agree to before you sign on the dotted line. When reviewing a potential commercial lease agreement, there are...
Commercial Real Estate
What are the terms of an oil and gas lease?
An oil and gas lease is important to protect your rights whether you are the lessee or lessor. The Mississippi State University explains there are two main parts to any oil and gas lease. Understanding each part will enable you to get the most from the agreement....
3 tips for negotiating your commercial lease renewal
When your commercial lease comes up for renewal in Mississippi, it may serve you well to revisit its terms and see if it makes sense to try to renew your lease and remain in the space you currently occupy. If you decide to try to stay in your current commercial...
What is required conformance under zoning laws?
Zoning laws are more than telling you what type of structure you may build or what activities you can do on a certain area of land. They also provide other important rules you must follow. The City of Flowood explains conformance with the law is mandatory to avoid a...
What does Yazoo clay mean for your commercial property?
If you are thinking about purchasing a piece of commercial property in Mississippi, you probably already understand the importance of performing extensive due diligence. As part of this due diligence, you may want to conduct a property inspection. When you do, you...
What are red flags in commercial lease agreements?
After several months of planning, you feel ready to bring your business to life in the right building. Without knowing common commercial real estate agreement pitfalls, the wrong lease could turn your dream business into a nightmare. LinkedIn explains several business...
3 things to consider when negotiating a commercial lease
Taking on a commercial lease is a major decision that requires careful consideration. If your business ends up tied to a legally binding agreement that is not workable, there could be noticeable impacts on profitability. As a result, it can be beneficial to prepare...
How do commercial leases differ from residential ones?
Renting commercial space is a significant consideration for any business. The success of your business is largely contingent on its location and the terms of the lease you entered into. Before you engage a landlord, you must understand how a commercial lease differs...
Who does property maintenance when you lease a commercial space?
There are advantages that come from renting commercial real estate instead of purchasing it. There is less upfront investment required. There will also be greater opportunity to move to a different space when your needs change. Such flexibility is often crucial for...
What restrictive terms might occur in a commercial lease?
Commercial leases are much different than residential leases because of the nature of the industry. The leases that businesses sign are often much more comprehensive than leases for homes. There are several things that you need to check if you’re considering a...