Cancel A Lease In Mississippi Within 30 Days
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FAQ
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.
Dear Landlord, This letter will constitute written notice of my intention to vacate my apartment on date, the end of my current lease. I am doing so because explain the reason if you desire, such as a large increase in rent. Please recall that I made a security deposit of $ on date.
If a rental agreement is terminated early by either party the landlord must return any prepaid rent and security deposit, in accordance with Miss. Code § 89-8-21, Tenant's Security Deposit. And if the breach is for nonpayment of rent, the 30 day notice period is not required to terminate the lease agreement.
Once the notice is delivered, the earliest the lease can terminate is 30 days after the beginning of the next rent period.
The nonbreaching party must deliver a written notice to the party who has breached the rental agreement. The written notice must specify the breach and that the rental agreement will terminate 30 days after receipt of the notice, unless the breach is remedied.