Mississippi Residential Lease Agreement
The Mississippi residential lease agreement is the most common type of rental contract as it is for a fixed period of time, usually a year, and gives the landlord and tenant security during the term. In the State of Mississippi, there are no disclosures or requirements other than the lease that is required to rent property. Unless, the property was built prior to 1978, in such case, the lease-based paint disclosure is required.
Security Deposits – There is no maximum required by the State. Although, when the landlord returns the deposit it must be completed within forty-five (45) days after the lease end date. (§ 89-8-21)
How to Write
The process usually begins with the tenant approving the space followed by negotiations on the rental agreement such as the monthly payment and who will be responsible for the utilities. Once this is complete the landlord will conduct a background and credit check through the rental application. If the lessee is approved, the tenant and landlord will typically sign an agreement immediately and at the lessor’s request, a Security Deposit may be required by the lessee.
- Lead-Based Paint – Only required if the housing unit was constructed prior to 1978.
- Move-in Checklist – Only to be used, although not required, for tenants that have paid a Security Deposit to mark down any repairs needed prior to move-in.