Residential Lease Agreement Template Michigan
The michigan standard residential agreement template is a contract form in compliance with chapter 554 real and personal propertythus while the state of michigan has not adopted the uniform landlord tenant act there are statutes in place which will govern security deposits terminations abandonment and a host of other issues that typically must be addressed.
Residential lease agreement template michigan. Please use michigan residential lease agreement for leasing a dwelling within the jurisdiction of michigan state. The most commonly used michigan lease agreements. This agreement is required to comply with the truth in renting act. The sample lease agreement below describes a contract between landlord vivian wong and tenant nick dennings.
In addition you must select the appropriate lease term from the two choices available and mention it specifically on the form. Michigan law establishes rights and obligations for parties to rental agreements. He agrees to rent a condominium in detroit for 90000 per month for a fixed term beginning on june 19 2017 and ending on december 19 2017. The michigan rental lease agreements are designated for a landlord and tenant to come to an agreement over the use of commercial or residential space for an agreed upon monthly payment.
In michigan the most commonly used lease agreements are commercial lease agreements standard residential lease agreements a month to month lease agreement a lease to own agreement and a roommate agreement. All landlords are encouraged to have their potential tenants undergo a full credit check and reference verification through a rental application before a lease agreement will be drafted. The michigan one 1 year residential lease agreement allows landlords and tenants to engage in a legally binding contract for the use of the property. The landlord and all tenants must sign this form in acceptance of the terms and conditions of the tenancy.
Michigan residential lease agreement sample pdf. Both parties must always follow state laws regarding landlord tenant relationships see a practical guide for tenants and landlords and the landlord will commonly. Lets now go through what you need to include in a residential lease agreement template in michigan. This agreement is required to comply with the truth in renting act.
Michigan specific required disclosures there are 3 plus 1 conditional federal disclosure. Michigan residential lease agreement form is a residential lease agreement applied in the state of michigan. Then fill in the blanks form if completed usually after both lessor landlord and lessee tenant agree to the terms and conditions of a rental contract. Michigan law establishes rights and obligations for parties to rental agreements.