Rental Purchase Agreements; establish certain rights and duties specific to agreements for a conveyance of real property.

This bill updates Mississippi's rental-purchase agreement law for real property (homes), requiring landlords to file agreements in county land records. It gives renters who miss payments a 15-day window to reinstate their agreement by paying overdue amounts, but limits this option to three times per agreement. After a fourth missed payment, landlords may pursue all available remedies under the law. The bill directly affects renters and landlords involved in home rental-purchase agreements, clarifying filing requirements and reinstatement rules.