What is the security deposit limit in Mississippi?
Mississippi does not impose a statutory maximum on the amount a landlord may collect as a security deposit. Under Miss. Code Ann. § 89-8-21, the landlord must return any unused portion of the security deposit no later than 45 days after the termination of the tenancy, delivery of possession, and demand by the tenant. If any portion of the deposit is retained, the landlord must send the tenant a written notice itemizing the claimed amounts and the reasons for each deduction. Permissible deductions include unpaid rent, damage caused by the tenant beyond normal wear and tear, and other charges specified in the rental agreement. If a landlord wrongfully withholds a security deposit, the tenant may recover the amount wrongfully withheld plus damages in court. Mississippi has no statewide cap, and no local government may impose one.