Lease Agreement Template Michigan

A michigan lease agreement is an agreement between the landlord and the tenant that records through writing the obligations that both party have toward a certain property.

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. Michigan law establishes rights and obligations for parties to this rental agreements. Michigan standard lease agreement form is a lease agreement applied in the state of michigan. 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.

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 sample lease agreement below describes a contract between landlord vivian wong and tenant nick dennings. 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. 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.

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. The michigan commercial lease agreement template will amply define the contractual rental arrangement a landlord and commercial entity enter. Michigan residential lease agreement sample pdf. This can be very exciting for both parties as a commercial lease will allow a business owner a premises with which to conduct business upon.