SB2410 - 16th Section Lands, prohibit rent escalation from exceeding fair market value of land.
Mississippi - 2024 Regular Session
Introduced byScott DeLano
Last updated 7 months ago
1 Co-Sponsor
An Act To Amend Section 29-3-65, Mississippi Code Of 1972, To Provide That A Board Of Education May Use Rent Escalation Clauses Or Other Such Devices In Sixteenth Section Land Contracts To Adjust Rental Amounts During The Lease Term, Provided That Such Adjustments Will Not Exceed The Fair Market Rental Value Of The Lands, Exclusive Of Improvements Thereon, As Of The Rental Adjustment Dates; And For Related Purposes.
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