Need a Property Rentals / Apartments For Rent Contract in Mississippi? AroundWire Can Help

In Mississippi, contracts for property rentals and apartments for rent are primarily governed by state landlord-tenant statutes (Miss. Code Ann. § 89-7-1 et seq.), which define key terms and obligations. Standard lease agreements typically specify the rental term (fixed or month-to-month), rent amount, payment due dates, and allowable late fees—Mississippi law does not cap late fees, but they must be reasonable and disclosed in the contract. Security deposits are common, with no statutory maximum, but the law requires landlords to return deposits within 45 days of lease termination, less any lawful deductions. There is no statewide requirement for landlords to hold a special license for residential leasing, but local municipalities may impose registration or inspection requirements, especially in larger cities. Insurance obligations often require tenants to obtain renters’ insurance, while landlords carry property and liability insurance. Risk factors include property maintenance, tenant default, and property damage; contracts typically allocate repair responsibilities and outline procedures for addressing breaches. Payment terms are generally monthly, with grace periods and penalties detailed in writing. Dispute resolution is frequently handled through local courts, as Mississippi does not mandate arbitration or mediation, though these may be contractually specified. Notably, Mississippi does not have rent control or habitability statutes, but federal fair housing laws apply. Customary practices favor clear, written agreements to reduce ambiguity and support enforcement.