Mississippi Residential Rental Lease Agreement

State:
Mississippi
Control #:
MS-864LT
Format:
Word; 
Rich Text
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What is this form?

The Residential Rental Lease Agreement is a legally binding document between a landlord and tenant that outlines the terms and conditions for renting a residential property. This agreement is specifically crafted for a defined term, such as six months or one year, to ensure clarity in the responsibilities and rights of both parties. Unlike month-to-month agreements, this lease provides a longer commitment and is essential for establishing the legal relationship between landlords and tenants.


Key parts of this document

  • Grant of Lease: Details the rental property and purpose of the lease.
  • Term of Lease: Specifies the duration of the rental agreement.
  • Security Deposit: Outlines the amount required as a security deposit and its conditions.
  • Rent Payments: States the rent amount, payment schedule, and late fees.
  • Obligations and Duties: Defines responsibilities of both landlord and tenant.
  • No Assignment: Clarifies that tenants cannot sublet without landlord permission.
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When to use this document

This form should be used when a landlord and tenant agree to rent a property for a specified period. It is necessary during situations such as renting an apartment, house, or other residential space where both parties wish to have a clear understanding of their rights and obligations throughout the lease term. This agreement is essential to protect both landlords and tenants by ensuring that all expectations are formally documented.

Intended users of this form

  • Landlords seeking to lease residential properties for a fixed term.
  • Tenants looking to rent a residential space and establish their rights.
  • Property managers acting on behalf of landlords and needing a formal agreement.
  • Individuals unfamiliar with lease agreements seeking a legal template.

Completing this form step by step

  • Identify the parties: Enter the full names of the landlord and tenant(s).
  • Specify the property: Clearly outline the address of the rental property.
  • Set the lease term: Fill in the start and expiration dates of the lease.
  • Detail the security deposit: Indicate the amount required as a security deposit.
  • Include rent payment details: Specify the monthly rent amount and due date.
  • Sign and date: Ensure all parties sign and date the agreement to validate it.

Does this document require notarization?

Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.

Typical mistakes to avoid

  • Failing to include all tenant names who will reside in the property.
  • Neglecting to specify the exact rent due date and payment methods.
  • Omitting details about security deposit usage and return conditions.
  • Not providing notices as required per local laws or terms of the lease.
  • Overlooking signatures from all relevant parties, which can invalidate the lease.

Why use this form online

  • Convenience of downloading and editing the form at your leisure.
  • Access to attorney-drafted templates ensuring legal compliance.
  • Time-saving through straightforward, user-friendly formats.
  • Ability to customize the lease agreement to suit specific needs.
  • Secure storage of completed forms for easy access in the future.

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FAQ

Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.

The lease becomes legally binding when all parties have signed: the landlord and all tenants living in the unit who are 18 and older. If you're worried about situations where a lease needs to end early, learn about breaking a lease and grounds for eviction.

The difference between lease and rent is that a lease generally lasts for 12 months while a rental agreement generally lasts for 30 days.That means the landlord can't raise the rent without your written consent or evict you without cause, and you can't stop paying rent or break the lease without consequence.

Mississippi is another landlord-friendly state, there's no limit for how much a landlord can charge for a security deposit, and landlords have 45 days to return the security deposit at the end of a tenancy.

A written agreement can act as a roadmap for the landlord-tenant relationship, especially if a dispute arises. Also, real estate (land) leases for more than one year must be in writing. If a lease for over one year is not in writing, it will generally not be enforceable in court.

The Lease Must be in Writing It does not matter if the lease is handwritten or typed.

The lease is mutually beneficial. A tenant can't stop paying rent or vacate the property during the lease term this is a violation of the agreement.A rental agreement, by contrast, is a month-to-month agreement. At the end of each 30-day period, the landlord and tenant are both free to change the terms.

A lease can be written or verbal, but a verbal lease can be very difficult to enforce.Most leases are fairly standard and cover basic components such as rent amount, duration of lease term, resposiblities of each party and penalties for not following the terms.

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.

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Mississippi Residential Rental Lease Agreement