Cancel A Lease In Mississippi With Landlord
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FAQ
Proper notice is required by the party wishing to terminate early. The nonbreaching party must deliver a written notice to the party who has breached the rental agreement.
Cancelling your existing lease agreementThe landlord can charge a reasonable cancellation fee which will take into account the time that it will take to get a new tenant and the costs of securing the new tenant. Most contracts now stipulate a reasonable penalty.
If the lease contains a forfeiture clause, the landlord is permitted to cancel the lease on the first occasion when the tenant fails to pay rent. However, if the landlord regularly accepts late payment, they cannot then use this as a reason for cancellation, because they have given their tacit approval in the past.
If the tenancy is month to month, without a set ending date to the lease, either the landlord or tenant may terminate the lease by giving 30 days written notice. No reason is required for the termination.
Mississippi tenants have to provide written notice for the following lease terms:Notice to Terminate a Week-to-Week Lease. 7-day written notice is required.Notice to Terminate a Month-to-Month Lease. 30-day written notice is required.Notice to Terminate a Yearly Lease with No End Date.