Michigan Residential Rental Lease Agreement

Step 5 – The item (b) or “rental” requires the total amount of the rental paid until the end of the lease in the first empty line (if it is from month to month, please leave this space). The second empty line must have entered the amount of the monthly rent, regardless of the type of tenancy agreement. Similarly, the last sentence of empty lines must have the first date on which the rent must be paid (day, month, year). Notice period – Allows a lessor or taker to terminate a month-to-month contract with a period of at least one (1) months before the next payment period (p. 554.134). Michigan Rental Lease Agreements are legally secure contracts that allow one or more tenants to live or work in a rental unit for so long that they make constant payments to the landlord. Leases define a number of obligations that each party must honour until the lease expires or the contract is terminated early. Regardless of monthly leases, the average lease has a term of one (1) year. Truth in Renting Act Disclosure (No. 554.634): The lease agreement must provide a prominent opinion on the Michigan Truth in Renting Act.

The exact text and specifications can be found in Section 554.634 of the Truth in Renting Act. The typical lease below describes a contract between “Lord of the Land” Vivian Wong and “Tenant” Nick Dennings. He agrees to rent a condo in Detroit for $US 900.00 per month for a limited time, which will begin on June 19, 2017 and end on December 19, 2017. The tenant agrees to pay for all services and services for the premises. Lead-Based Paint – A federal law that requires all landlords to disclose to their tenants only if the unit was built before 1978, that the existence of this color may pose a danger if it is exposed. Monthly rental agreement (rental) – Allows you to rent a rental property after the month and not for a fixed term. NOTE: Michigan law establishes rights and obligations for parties to leases. This agreement is necessary to respect the truth in the rent law. If you have a question about the interpretation or legality of a provision in this Agreement, you can seek advice from a lawyer or other qualified person.