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

HB 1127 would revise Mississippi's rental-purchase agreement law for real property (homes), affecting renters and property owners. It requires property owners to file agreements in county land records and allows renters to reinstate agreements by paying overdue amounts within 15 days (up to three times during the agreement). The bill prevents automatic conversion to month-to-month tenancy after missed payments and limits reinstatement attempts to three occasions. If a renter misses payments four times, the property owner can pursue all available remedies under the law. The bill was introduced but died in committee in February 2026.