Michigan Lease Agreement

Michigan Lease Agreement Forms

Michigan Lease Agreement forms are used by Michigan landlords and Michigan property management companies when leasing residential property in Michigan. The Michigan Lease Agreement is a legal document which can be used in a court of law if there is a breach in contract by either party, so it is important to make sure your Michigan Lease Agreement complies with all the Landlord Tenant laws in Michigan.

Michigan Lease Agreement - What should it Include?

The Michigan Lease Agreement - also known as the Michigan Residential Lease or Michigan Rental Agreement - is one of the most important forms you will ever use in property management. The Michigan Lease Contract must include the address of the rental property, names of the tenants who will be living there, how much rent they will be paying, and the duration of the lease agreement. It should also include details regarding the security deposit, remedies for damages or late payments, and other terms and conditions that will govern the lease agreement.

• Names of the Lessor and the Lessee
• Address of the property and description of the rental unit
• Duration of Lease Term - including Lease Start, Lease End, and Lease Renewal terms
• Rent amount, payment frequency, payment methods, due date, grace period, late rent and bounced rent policy
• Security Deposit
• Terms and Conditions of rental agreement

Michigan Lease Agreement - What are the specific laws?

If this is your first time using the Michigan Lease Agreement, you may want to check out the Department of Housing and Urban Department website to learn more about Michigan tenant rights, laws and protections. Federal law requires the Michigan Lease Agreement to include a disclosure for lead paint if the property was built before 1978. Most states also require the Landlord to disclose the existense of mold or hazardous materials on the premises. Each state has different laws, and Michigan has some very specific rules regarding security deposits, rent withholding, lease termination, and disclosures. You can read Michigan Tenants and Landlords - A Practical Guide to become familiar with the most important factors that must be incorporated onto the Michigan Lease Agreement form. You may also want to read Chapter 554 - Michigan Compiled Laws to learn more about the specific laws that may affect you.

Michigan Lease Agreement - What else should I know?

The Michigan Rental Application form can be used to screen prospective tenants before filling out the Michigan Lease Agreement. Also the Michigan Rental Credit Check form can be used to get authorization from the tenant to conduct a credit check. If you need help with selecting the right tenants, SimplifyEm's tenant screening solution makes it easy for Michigan landlords and property managers to get leasing recommendations, credit reports, and criminal history for each tenant.

Download the FREE Michigan Lease Agreement below, and be sure to let us know what you think!