12 Miss. Code. R. 8-500.4 - TERMINATION FOR DEFAULT

Failure on the part of either the Lessor or Lessee to promptly and faithfully keep and perform each and every covenant agreed and stipulated in the Lease Contract, or on the part of the Lessee to pay any installment of rent when the same comes due and payable, shall constitute grounds for termination for default subject to the following:

(1) The party claiming default shall make such claim in writing and serve notice on the other party by certified mail, copying RPM Division;

(2) The notice shall be provided not less than thirty (30) days prior to effective termination date of the Lease Contract; and,

(3) The notice shall give the party claimed to be in default not less than fifteen (15) days from receipt of notice to respond in writing by certified mail, copying RPM Division, with proposed cure to default, which shall not be unreasonably rejected by either party.

Notes

12 Miss. Code. R. 8-500.4

Adopted 3/16/2018