35 Miss. Code. R. 6-03-05-103
Current through December 10, 2024
There are four (4) types of leases of land that are defined by law as constituting sufficient eligible ownership rights to meet homestead exemption requirements.
Persons who have legal leases of school lands that are perpetually renewable or leased for ten (10) years or more are considered to have eligible title.
Persons who have a legal lease of these lands for twenty (20) years or more with an option for renewal every ten (10) years have eligible title.
Persons who have a lease of fraternal or benevolent lands for a period of ten (10) years or more or for life have eligible title.
Persons who have a lease of these lands for five (5) years or more with an option for renewal every five (5) years.
35 Miss. Code. R. 6-03-05-103