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No grace period exists for paying rent, unless the landlord and tenant agree to one. The law allows a landlord to place a lien or claim against a tenant's personal property for unpaid rent. However, the tenant has the right to cure the default by paying all past due rent.

California law states that a late rent fee should be ?reasonable,? though it does not set any restrictions when it comes to a maximum late fee for rent. Generally, a reasonable late rent fee in the state is considered 5% to 10% of the cost of rent, with most California landlords charging 5% for any late rent payments.

A Mississippi month-to-month rental agreement is a lease with no end date and is only terminated when notice is sent by either the landlord or tenant of at least thirty (30) days. The landlord has the right to terminate this agreement by sending a notice to the other party.

A late payment charge, not exceeding Five Dollars ($5.00) or four percent (4%) of the amount of any delinquency, whichever is greater, if contracted for in writing, shall not be considered a finance charge, but no such charge shall be made unless such delinquency is more than fifteen (15) days past due; provided, ...

Rent and Fees Rent Increases: Rent control is banned in Mississippi (Miss. Code § 21-17-5(2)). Late Fees: There is no statutory limit on late fees in Mississippi.

Code § 21-17-5(2)). Late Fees: There is no statutory limit on late fees in Mississippi. What is a reasonable late fee for rent in Mississippi? A typical late fee ranges from 5%-10% of monthly rent.