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The law says that most consumer credit contracts must offer a cooling off period, usually of 14 calendar days in other words, you can change your mind and back out of the agreement up to 14 days after signing a contract.
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.
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.