Mississippi Late Fee Calculator

No cap no late fee section in the law we read
Rent limit
None in Miss. Code Ann. 89-8-1 to 89-8-45
Earliest fee day
–
Statute
Miss. Code Ann. 89-8-1 to 89-8-45 (read on an unofficial copy)
Checked
What was not paid on time. Copies the rent until you type here.
How the lease sets the late fee
How many days the lease gives before a late fee; 0 if none.

Your late fee

$62.50

Paid 12 days late; the lease has no grace period.

Days past due
12 days
Grace period ends
No grace period
Earliest fee date
October 20, 2026
Lease late fee
5% of $1,250.00 = $62.50
Rent + late fee
$1,312.50

Mississippi: Miss. Code Ann. 89-8-1 to 89-8-45 contains no late fee provision, so there is no legal cap or waiting period to apply; only your lease terms count.

Late rent notice builder

Who it is from and to
Amounts
Taken from the calculator. Set 0 if the rent itself is paid.
Taken from the result; you may change it.
Adds the two above until you type your own figure.
Blank: the letter asks for payment at the earliest opportunity.
Payment and contact
Where and how the tenant can pay.
Late rent notice

[Your name or company]

Date: October 31, 2026

To: [Tenant name]

[Rental property address]

Re: Overdue rent for [Rental property address]

Dear [Tenant name],

This letter is a reminder that the rent of $1,250.00 for [Rental property address] was due on October 19, 2026. As of October 31, 2026, $1,250.00 of it is still unpaid (12 days past due).

Your lease provides for a late charge, which comes to $62.50.

Amount now due

Unpaid rent
$1,250.00
Late charge
$62.50
Total
$1,312.50

Please pay $1,312.50 at your earliest opportunity.

If this letter crossed with your payment, please disregard it.

Regards,

[Your name or company]

8% legal default rate (contract silent)
Max written B2B rate
Any rate agreed in writing when the principal exceeds $2,000. Otherwise tiered caps: greater of 10% or Fed discount +5 pts (general); greater of 15% or discount +5 pts for business entities on deals over $2,500.
Cap regime
Conditional cap — any written rate over $2,000
Statute
Miss. Code Ann. § 75-17-1
Verified
— how we verify · changelog

Legal rate on notes, accounts and contracts when no rate is agreed.

Pre-filled with Mississippi's statutory default (8%), which governs only when the contract names no rate; a rate stated in your contract replaces it.

Interest at 8% a year

Interest owed on an overdue invoice in Mississippi at 8% per year
Invoice amount30 days late60 days late90 days late
$1,000.00$6.58$13.15$19.73
$5,000.00$32.88$65.75$98.63
$10,000.00$65.75$131.51$197.26

Maximum late fee in Mississippi — written B2B contracts

Conditional cap any written rate over $2,000.

Basis: Miss. Code Ann. § 75-17-1(5),(2).

About this page

Mississippi rent late fee law

Mississippi's code chapter on residential tenancies, sections 89-8-1 through 89-8-45, contains no late fee provision; late fees appear only in the definition of rent, and nothing in the chapter limits a late rent fee or gives a grace period.

Read in full for this check: Mississippi Code, title 89, chapter 8 (Residential Landlord and Tenant Act). Copy read on codes.findlaw.com (not the state's official site) · checked .

Before you send the late rent notice: it is a reminder letter about overdue rent and a late charge, not an eviction notice. A notice to pay rent or quit is a separate document, and Mississippi has its own rules for it. Nothing on this page is legal advice.

What Mississippi law says about invoice interest

(1) The legal rate of interest on all notes, accounts and contracts shall be eight percent (8%) per annum [...] (5) [...] any borrower or debtor may contract for and agree to pay [...] any finance charge agreed to in writing by the parties [...] under which the principal balance to be repaid originally exceeds Two Thousand Dollars ($2,000.00)
— Miss. Code Ann. § 75-17-1(1), (5) (text as amended by 2001 Miss. Laws ch. 317, S.B. 2172, eff. July 1, 2001; enrolled bill text published by the Mississippi Legislature; no amendment to § 75-17-1 in any regular session through 2026 per the Legislature's code-section index). Read it at the official source · row verified 2026-08-19.

Any obligation OVER $2,000 may carry any finance charge agreed in writing (no ceiling) — covers most invoices. At/under $2,000: cap of greater of 10% or Fed discount +5 pts.

Not legal advice. Figures were last verified on the date shown; check the cited statute before charging a late fee.