Mississippi · Late fees

Mississippi late fee law

Mississippi law sets no dollar or percentage cap on late fees and no required grace period, so your lease sets the terms.

From an official summary

The rule

Grace period
None required
Cap
No set cap
Grace period
No automatic grace period unless the lease provides one.
Limits on the fee
No statutory cap found; lease terms govern.

Source: msbar.org

Last reviewed September 30, 2026

Not legal advice. Statutes change; check the linked section.