A Mississippi Standard One (1) Year Lease Agreement is the most common and simple form of a long term lease agreement. Unlike a Month to Month Lease, this kind of lease will run for a full year regardless of how often rent is paid and cannot be altered or terminated until the lease has ended, unless the lease is violated or there is a clause in the lease that allows for an alteration.
As it cannot be terminated without cause, the only way for a landlord to end this kind of agreement is by going through the eviction process. If a tenant leaves this kind of lease before it has ended, they may be financially responsible for the rent until the landlord finds a new tenant. As such it lacks a certain degree of flexibility, but provides both parties with a sense of security. A tenant knows they cannot be evicted without cause and a landlord will know their property will have a tenant for the entirety of the lease.
As it is the most basic form of long term lease, a One Year Lease will be subject to all of its state lease laws. All of Mississippi’s state lease laws can be found in Mississippi State Code, Title 89-7-1 to 89-8-29.
- There are no legally required disclosures on the state level in Mississippi. However, federal law requires that all landlords disclose the presence of any lead paint based hazards on the property.