Mississippi Lease Agreements | Residential & Commercial

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A Mississippi lease agreement is a rental contract that allows a landlord and tenant to negotiate an agreement for the use of a residential or commercial property. The negotiations will usually begin with the tenant viewing the property and, if interested, applying for tenancy. If approved, a lease will be signed. The tenant can take occupancy on the first (1st) day of the lease term unless otherwise agreed upon.

Rental Application – Tool used by the landlord to inspect the background and references of the potential tenant.

Table of Contents

Agreement Types (8)


Association of Realtors Lease Agreement – Provided by the Mississippi Association of Realtors to allow a Realtor to write a rental contract between a landlord and tenant.

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Commercial Lease Agreement – Contract for the leasing of space to be utilized by a business.

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Month-to-Month Lease Agreement – Known as a tenancy at will and should be written in accordance with § 89-8-19 and can be terminated at any time, by the landlord or tenant, within thirty (30) days.

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Rent-to-Own Lease Agreement – Standard residential version with an option to buy.

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Room Rental (Roommate) Agreement – For shared housing arrangement to have a common agreement amongst the roommates.

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Standard Residential Lease Agreement – Fixed-term usually for a period of one (1) year.

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Sublease Agreement – For a tenant looking to find someone else (a “subtenant”) to be able to occupy the same space and continue payment.

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Termination Lease Letter (§ 89-8-19) – Thirty (30) day notice given from either the lessor or lessee when terminating a month-to-month rental contract.

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Disclosures

Lead-Based Paint Disclosure – Federal law that requires any residential unit built prior to 1978 to have this form attached to any agreement to inform the lessees of the possibility of this hazard in the walls.

Access

The State of Mississippi does not require the landlord to give the tenant notice before going into their property for maintenance or other reasons.

Security Deposits

Maximum – There is no limit on how much the landlord may request.

Returning (§ 89-8-21) – The landlord must give the funds back to the tenant within forty-five (45) days after the date marking the end of the tenancy.

Laws

(Video) What are the Mississippi Rental Laws?