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A Mississippi month-to-month rental agreement is a lease with no end date and is only terminated when notice is sent by either the landlord or tenant of at least thirty (30) days. The landlord has the right to terminate this agreement by sending a notice to the other party.
Nonpayment of rent Before a landlord can start the eviction process, they must give a tenant in Mississippi an official written 3-Day Notice to Pay form. The notice must have been delivered properly. If the tenant can pay the rent due within those 3 days, then the filing for eviction does not continue.
A Mississippi rent-to-own lease agreement is between a tenant seeking a rental property with an option to also purchase. The option is only available during the term of the lease. If the tenant decides not to buy, the lease will terminate on its end date.
No grace period exists for paying rent, unless the landlord and tenant agree to one. The law allows a landlord to place a lien or claim against a tenant's personal property for unpaid rent. However, the tenant has the right to cure the default by paying all past due rent.
Code § 21-17-5(2)). Late Fees: There is no statutory limit on late fees in Mississippi. What is a reasonable late fee for rent in Mississippi? A typical late fee ranges from 5%-10% of monthly rent.
If the tenant does not pay in three days, the landlord may file an eviction action in justice court and obtain an order of eviction.
A late payment charge, not exceeding Five Dollars ($5.00) or four percent (4%) of the amount of any delinquency, whichever is greater, if contracted for in writing, shall not be considered a finance charge, but no such charge shall be made unless such delinquency is more than fifteen (15) days past due; provided, ...