Do landlords have to pay interest on security deposits in Mississippi?

No statewide statute requires it in Mississippi, though local ordinances or your lease can add the obligation. No statutory limit on deposit amount (typically 1-2 months). Return within 45 days with itemized deductions. Penalty for non-compliance: up to $200. Not required to hold in separate account.

How large can the deposit itself be in Mississippi?

Mississippi sets no statewide statutory maximum on the deposit amount — it is negotiated in the lease.

When do I get my security deposit back in Mississippi?

Generally within 45 days after move-out.

Mississippi Deposit Interest Rules

no interest required

Mississippi has no statewide requirement that landlords pay interest on security deposits (14 of 51 US jurisdictions do). Your lease may still promise interest — if it does, that promise is enforceable.

Educational information: generated from our Mississippi law database (last updated 2024-01-01). Not legal advice.

How Mississippi compares

14 of 51 US jurisdictions require landlords to pay interest on security deposits. Here is how Mississippi compares with other states in our database.

State	Deposit Interest Rules
Mississippi	no interest required
Missouri	no interest required
Montana	no interest required
Nebraska	no interest required
Nevada	no interest required

Frequently asked questions

Do landlords have to pay interest on security deposits in Mississippi?: No statewide statute requires it in Mississippi, though local ordinances or your lease can add the obligation. No statutory limit on deposit amount (typically 1-2 months). Return within 45 days with itemized deductions. Penalty for non-compliance: up to $200. Not required to hold in separate account.
How large can the deposit itself be in Mississippi?: Mississippi sets no statewide statutory maximum on the deposit amount — it is negotiated in the lease.
When do I get my security deposit back in Mississippi?: Generally within 45 days after move-out.

Check Your Lease Against Mississippi Law

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More Mississippi lease law guides

Educational information generated from state statute data — not legal advice. Consult a licensed attorney in Mississippi for your specific situation.