Mississippi month-to-month lease agreements are governed by Mississippi Code Title 89 Chapter 8 Residential Landlord and Tenant Act. Mississippi state law does not limit the amount of money that a landlord can request as a security deposit. Under §89-8-21, landlords are legally obligated to return the security deposit within 45 days of move out. The landlord can keep some of the deposit to cover the expense to repair damage to the rental property outside reasonable wear and tear, clean the property, or other reasonable expenses caused by the renter defaulting on the lease. If the landlord keeps part or all of the security deposit, they must provide the renter with an itemized list of deductions.
Before using a Mississippi rental agreement, landlords and property managers should seek legal advice to ensure they understand both state law and federal law, as well as the obligations and rights associated with a month-to-month rental agreement.
According to §89-8-19, the notice period to terminate a month-to month lease is 30 days. The lease termination must be a written notice.