Mississippi Security Deposit Law

Author: Kasee Godwin
Date: 11.13.2023

Understanding Mississippi Security Deposit Law: A Comprehensive Guide

Navigating the intricacies of Mississippi security deposit law can be a complex process for both landlords and tenants. This article provides a thorough overview of the essential aspects of these laws, helping you understand your rights and responsibilities.

What You Need to Know About Security Deposit Deductions

Mississippi landlords have the right to deduct from security deposits for various reasons. These include:

  • Unpaid Rent and Late Fees: If a tenant fails to pay rent or incurs late fees, the landlord can use the deposit to cover these costs.
  • Costs of Damage: Any damage to the property that goes beyond normal wear and tear is chargeable. This could include broken tiles, wall holes, or heavily stained carpets.
  • Tenant’s Default: Costs incurred due to the tenant’s failure to fulfill lease obligations can be deducted.
  • Cleaning Costs: Landlords can charge for cleaning to restore the property to its original condition.

Remember, landlords must provide an itemized list of these deductions.

Normal Wear and Tear vs. Damage

Understanding the difference between normal wear and tear and damage is crucial. Normal wear and tear include gently worn carpets and faded walls – deterioration that happens through everyday use. In contrast, damage refers to destruction caused by abuse or negligence, like ripped carpets or holes in the wall.

Security Deposit Limits and Holding Requirements

Mississippi law does not specify a maximum or minimum amount for security deposits. However, the amount should reflect the costs necessary to cover unpaid rent or property damages. Interestingly, there are no specific legal requirements for landlords holding these deposits during tenancy, though it’s best practice to keep them in a separate escrow account.

Returning the Security Deposit

Landlords have a deadline of 45 days after lease termination to return the security deposit. They may face penalties if they fail to do so or do not provide an itemized deduction list. These can include a fine of up to $200 plus any actual damages incurred by the tenant.

Miscellaneous Charges

Landlords can also charge for specific damages or changes:

  • Replacing Carpets: If carpet damage exceeds normal wear, landlords can charge for replacements.
  • Nail Holes: Charges can apply for wall damages not considered part of ordinary use.
  • Painting: If painting is required due to damages or unauthorized alterations, landlords can charge for it.

Using the Security Deposit for Last Month’s Rent

Mississippi law does not prohibit using the security deposit for outstanding rent. However, tenants must understand their lease terms regarding this.

Key Takeaways

Mississippi’s security deposit law offers a balanced framework to protect the interests of both landlords and tenants. Understanding these laws ensures you can navigate rental agreements confidently and clearly. Remember, staying informed about your rights and responsibilities is vital to a harmonious rental experience.


Qira aims to keep this information as up-to-date as possible. The content provided here is informational and should be different from legal counsel. Please refer to the relevant government sources to check for any changes or updates to the law.


Kasee Godwin

Position: Director of Marketing
Social Networks

Kasee is the Director of Marketing for Qira. She has nearly 15 years of experience in the real estate marketing industry, including 10 years on the client side. In her spare time, she enjoys reading science fiction, exploring new wineries, and fostering Golden Retrievers.

Other news


Centralization in Multifamily Property Management

As each day becomes more tech-enabled, property management firms naturally evolve to seek efficiencies and capitalize on economies of scale. The movement towards centralizing leasing, operations, and maintenance functions is strategic. 

Author: Kasee Godwin
Date: 05.15.2024

Exploring the Nuances of Ancillary Income

Ancillary income, a fundamental principle in the multifamily sector, encompasses the various revenue streams that property owners and managers can tap into beyond the primary rent collection.

Author: Kasee Godwin
Date: 04.10.2024

Security Deposit Alternatives: A Win-Win for Property Managers

The advent of security deposit alternatives is reshaping this landscape, offering a win-win solution for property managers and renters.

Author: Kasee Godwin
Date: 02.22.2024

The Rental Economy: Understanding the Shift in 2024

Evolving financial trends are defining this shift, challenging traditional investment strategies and demanding a more nuanced approach from industry professionals. The rise of Generation Z renters and a general change in renter demographics are reshaping rental market dynamics. 

Author: Kasee Godwin
Date: 01.25.2024

The Rise of Gen Z Renters

As Generation Z (born between 1997 and 2012 and aged 12-27) increasingly enters the rental market, their preferences and behaviors are beginning to reshape the multifamily industry.

Author: Kasee Godwin
Date: 01.18.2024

Artificial Intelligence and Machine Learning in Multifamily Real Estate 

Integrating Artificial Intelligence (AI) and Machine Learning (ML) in the multifamily real estate sector is transforming the industry's landscape. These advanced technologies are reshaping the dynamics for property managers, investors, and renters. 

Author: Kasee Godwin
Date: 01.16.2024

The Future of Multifamily Housing: Trends to Watch in 2024

As we move into 2024, the multifamily housing sector continues to evolve, shaped by emerging trends that reflect broader social, economic, and technological shifts. 

Author: Kasee Godwin
Date: 01.09.2024
Wyoming Security Deposit Law

Wyoming Security Deposit Law

The state of Wyoming does not limit application fees or security deposit amounts that property owners can collect, and even enables property owners in the state to collect an additional security deposit for utility fees.

Author: Kasee Godwin
Date: 12.15.2023

We are a financial services platform for property management

We are a financial services platform for property managers and residents. We help property managers and owners improve cash flow, reduce vacancies and avoid bad debt.