Mississippi has no deposit cap. Refund is due within 45 days after termination, possession delivery, and tenant demand. No interest or separate account requirement.
Last verified: 2026-10-10
Max deposit
—
no statutory cap
Return deadline
45
days after tenancy ends
Interest required
No
not required
Separate account
No
Maximum Security Deposit
No statutory maximum
No numeric cap established in official AG reproduction of statute.
Return Deadline
45 days
After tenancy termination, delivery of possession, and tenant demand.
Interest on Deposit
Not required
Miss. Code Ann. §89-8-21 does not require interest on deposits. Note: AG reproduction reflects 2018 amendments — verify for later changes.
Separate Account Required
Not required
§89-8-21(2) requires holding for tenant with creditor priority, not expressly a separate account.
How much can a landlord charge for a security deposit in Mississippi?
Mississippi does not set a statutory maximum for security deposits. Landlords and tenants may agree to any amount in the lease. No numeric cap established in official AG reproduction of statute.
How long does a landlord have to return the security deposit in Mississippi?
Mississippi landlords must return the security deposit — or provide a written itemized statement of deductions — within 45 days after the tenancy ends. After tenancy termination, delivery of possession, and tenant demand.
Does Mississippi require landlords to pay interest on security deposits?
No. Mississippi law does not require landlords to pay interest to tenants on security deposits. Miss. Code Ann. §89-8-21 does not require interest on deposits. Note: AG reproduction reflects 2018 amendments — verify for later changes.
Must Mississippi landlords keep security deposits in a separate bank account?
No. Mississippi law does not require a separate bank account for security deposits. §89-8-21(2) requires holding for tenant with creditor priority, not expressly a separate account.
Automate security deposit compliance
Property management software handles deposit tracking, deadline reminders, itemized deduction statements, and compliant separate account requirements automatically — so you never miss a Mississippi deadline.
This page is for informational purposes only and is not legal advice. Security deposit laws change — always verify the current statute or consult a licensed attorney in Mississippi before making decisions. Official source: https://attorneygenerallynnfitch.com/wp-content/uploads/2021/07/Residential-Landlord-and-Tenant-Act.pdf. Last reviewed: 2026-10-10.