Michigan Standard Residential Lease Agreement

A Michigan standard residential lease agreement is a legally binding document that establishes the terms and conditions for a rental arrangement between a landlord and tenant. Before signing the agreement, the landlord usually verifies the tenant’s credentials through a rental application.

• Lease Length Considerations
• Required Lease Disclosures
• Security Deposit
• Rent Payment
• Landlord Resources
• Related Documents

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Lease Length Considerations

• Holdover converts to a year-to-year tenancy [1] .
• The duration of a residential lease is flexible and can be agreed upon in writing by both the landlord and tenant.
• In general, oral leases can be enforced only for terms that do not exceed one year.

Required Lease Disclosures

• Identification
• Domestic Violence Victims Notice
• Security Deposit Notice
• Truth in Renting Act Disclosure
• Inventory Checklist
• Disclosure of Lead-Based Hazards

More details on necessary disclosures and relevant laws can be found on our Michigan lease agreement page.

Security Deposit

• Maximum Amount($): One and a half month’s rent [2] .
• Returning to Tenant: Within 30 days [3] .

Rent Payment

• Grace Period: None
• Maximum Late Fee: None.
• NSF Fee: A landlord is entitled to levy a $25 penalty for a returned check.

Landlord Resources

• Landlord-Tenant Laws –§ 554 (Real and Personal Property)
• Handbook –A Practical Guide for Tenants & Landlords (PDF)

Related Documents

Michigan Rental Application

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1. Faraci v. Fassvio, 212 Mich. 216. https://case-law.vlex.com/vid/faraci-v-fassulo-no-886070790
2. § 554.602. http://www.legislature.mi.gov/(S(jgwyksuz3fq4tkep101er455))/mileg.aspx?page=getObject&objectName=mcl-554-602
3. § 554.609. http://www.legislature.mi.gov/(S(fykegvzmrhrcumm3oked4oiy))/mileg.aspx?page=GetObject&objectname=mcl-554-609

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