Mississippi Does Not Require Deposit Interest
Mississippi landlords are not required to pay interest on your security deposit. But that does not mean they can do whatever they want with it.
Mississippi does not require landlords to pay interest on security deposits. Mississippi's deadline for returning a deposit is set by Miss. Code Ann. § 89-8-21.
•Your Rights
What Your Mississippi Landlord Does Owe You
Interest or not, Mississippi law gives you real protections on your security deposit:
- A return deadline. In Mississippi, the deadline under Miss. Code Ann. § 89-8-21 starts from a later event, such as your demand or the landlord getting your new address, so no date can be given from a move-out date alone.
- Itemized statement required. Your landlord cannot just keep part of your deposit — they must provide a written, itemized list of every deduction and its amount.
•Full State Law
Mississippi Security Deposit Law — Full Breakdown
Return deadlines, allowed deductions, penalty multipliers, small claims limits — everything you need to know about Mississippi deposit law is on one page. Read the full Mississippi security deposit law breakdown.
More Mississippi Guides
●Frequently Asked Questions
Frequently Asked Questions
Does Mississippi require landlords to pay interest on security deposits?
No. Mississippi does not require landlords to pay interest on security deposits. Mississippi's deadline for returning a deposit is set by Miss. Code Ann. § 89-8-21.
What is my landlord required to do with my deposit in Mississippi?
In Mississippi, the deadline under Miss. Code Ann. § 89-8-21 starts from a later event, such as your demand or the landlord getting your new address, so no date can be given from a move-out date alone. Your landlord must provide an itemized statement listing any deductions.
What happens if my Mississippi landlord keeps my deposit?
You can sue in small claims court. In Mississippi, small claims court hears claims up to $3,500.
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DepositHawk is not a law firm and does not provide legal advice. Information and documents are for informational purposes only. No attorney-client relationship is created. Consult a licensed attorney for advice specific to your situation.