Structure
The Michigan Lease Agreement form is a vital document for both landlords and tenants, ensuring a clear understanding of the terms and conditions governing a rental property. This form outlines essential details such as the rental amount, payment due dates, and the duration of the lease. It also specifies the responsibilities of both parties, including maintenance obligations and rules regarding property use. Security deposits, late fees, and termination clauses are addressed, providing a comprehensive framework for the rental relationship. By clearly defining these aspects, the Michigan Lease Agreement helps prevent misunderstandings and disputes, creating a more harmonious living arrangement. Understanding this form is crucial for anyone involved in renting or leasing property in Michigan, as it serves to protect the rights and interests of both landlords and tenants alike.
Form Example
Michigan Lease Agreement
This Lease Agreement ("Agreement") is entered into by and between __________________ ("Landlord") and __________________ ("Tenant") on this ____ day of ________, 20____. It is expressly agreed that this Agreement is subject to and governed by the laws of the State of Michigan, including but not limited to the Michigan Truth in Renting Act (Act 454 of 1978) and the Landlord and Tenant Relationships Act (Act 348 of 1972).
The premises subject to this Lease Agreement are located at __________________, Michigan ("Premises"). The lease term will commence on ________, 20____ and will end on ________, 20____, unless extended or terminated earlier in accordance with this Agreement.
Terms and Conditions
- Rent: Tenant agrees to pay a monthly rent of $______ to Landlord. Rent is due on the first day of each month and payable at __________________.
- Security Deposit: A security deposit of $______ is required, to be held by Landlord for the duration of the lease as security for performance of Tenant's obligations. Subject to the Michigan Security Deposit Act (Act 348 of 1972), this deposit will be returned to Tenant within 30 days after the end of the lease, less any amounts applied toward damages or unpaid rent.
- Utilities: Tenant is responsible for payment of all utilities associated with the Premises, except for __________________, which will be provided by Landlord.
- Maintenance and Repairs: According to Michigan law, Landlord is required to keep the Premises in reasonable repair during the lease term and comply with health and safety laws. However, Tenant must notify Landlord promptly of any needed repairs.
- Use of Premises: The Premises shall be used exclusively as a private residence by the Tenant(s) listed in this Agreement and for no other purpose without prior written consent of the Landlord.
- Alterations: Tenant shall not make any alterations, additions, or improvements to the Premises without Landlord's prior written approval.
- Sublease and Assignment: Tenant shall not sublease any part of the Premises or assign this lease without the prior written consent of the Landlord, which shall not be unreasonably withheld.
- Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Michigan.
IN WITNESS WHEREOF, the parties have executed this Lease Agreement as of the first date above written.
Landlord's Signature: ________________________
Tenant's Signature: ________________________
Document Properties
| Fact Name | Description |
|---|---|
| Purpose | The Michigan Lease Agreement form is used to outline the terms and conditions of renting a residential property in Michigan. |
| Governing Laws | This agreement is governed by the Michigan Compiled Laws, specifically the Landlord-Tenant Relations Act. |
| Duration | Lease agreements can vary in duration, typically ranging from month-to-month to one year or more. |
| Security Deposit | In Michigan, landlords can charge a security deposit, but it cannot exceed one and a half months' rent. |
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