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September 24, 2021

Keller Williams Residential Lease Agreement

Filed under: Uncategorized — Mark Baker @ 8:59 pm

15. Next, she refers to the Mississippi Code, Section 75-24-161(c) (Rev. 2016).1 Her reliance on that status is also erroneous, as that law relates to lease purchase agreements. According to its definition, a rental agreement is “a contract for the use of personal property by a natural person, mainly for personal, family or household purposes, for an initial period of four (4) months or less, which can be renewed automatically with each payment after the initial period and which allows the consumer to become the owner of the property”. Miss. Code Ann. § 75-24-153 (rev. 2016) (highlighted here only). In this case, the agreement is simply a residential lease agreement. There is no provision in the rental agreement that purports to offer, other than that of a tenant, a participation in the ownership of the property. Most contracts require you to notify the landlord between 30 and 90 days in advance if you plan to renew the lease. If no termination is made, either the lease expires (i.e.

pack your bags) or moves from month to month, which can lead to an increase in rent. Another option: the lease can even be automatically renewed for an extra year if you don`t indicate anything else, so you`re locked in at a potentially higher price. Most rental agreements require the owner`s permission before making any adjustments to the property, including cosmetic modifications. “Painting a room may seem totally innocent, but if you pour paint on the carpet, you`re responsible for it,” says Vraa. If you make changes to the apartment without the owner`s consent, he can use your deposit to pay the cost of returning the property to its original condition. Annual review and renewal of leases, including an updated market analysis to determine potential rent increases The standard lease agreement is 12 months, but your lease may vary depending on what you and your landlord grant, says Marin King, a lawyer and real estate agent at Keller Williams Realty in New York City. 2. On April 19, 2013, Lee entered into an agreement with Keller Williams through his agent Melissa Parish to rent a residence in Horn Lake, Mississippi.

The lease was valid for a period of approximately one year, with rent of US$875 per month. In accordance with the terms of the agreement, Lee agreed that the premises would only be inhabited by two residents – herself and her seven-year-old son.

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