Mississippi leases bind a tenant and landlord to an agreement in which the tenant agrees to make regular (usually monthly) payments to the lessor in exchange for the use of a leased property. The three (3) main types of leases are annual (a standard housing rental agreement), monthly (a licensed rental agreement) or commercial (for industry, retail or office). Leases are usually negotiated and signed by all parties following a substantive review by the tenant. Mississippi Residential Rental Agreement. This is a standard lease agreement for Mississippi. For a custom rental agreement tailored to your specific situation, use the rental widget above. .