What is the maximum late fee in Mississippi?

Mississippi has no statutory cap on late fees. Fees must be "reasonable." No statutory cap. Must be in lease.

Does Mississippi require a grace period for late fees?

No, Mississippi does not require a grace period by law. However, most landlords include a 3-5 day grace period in the lease.

Free Tool

Mississippi Late Fee Calculator

Calculate the maximum late fee you can legally charge in Mississippi. Check grace periods, fee caps, and compliance with Mississippi state law.

State

Monthly Rent

Days Late

Your Proposed Fee

Your Late Fee

$75.00

Compliant

Mississippi has no statutory cap on late fees. Your fee should be "reasonable" and specified in the lease.

Rent + Fee

$1,575.00

Grace Period

None required

Mississippi Late Fee Law

Grace period: No grace period required

Fee cap: No statutory cap

Daily fees: Allowed

No statutory cap. Must be in lease.

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Mississippi Late Fee Rules for Landlords

Mississippi does not require a grace period by law, but most landlords include one in the lease. There is no statutory cap on late fees, but they must be "reasonable" and specified in the lease.

Use the calculator above to check if your proposed late fee complies with Mississippi law. Need more tools? Try our prorated rent calculator or rent estimate tool.

For a complete guide to Mississippi landlord-tenant law, read our Mississippi Landlord-Tenant Law 2026 guide.