Michigan Commercial Lease Agreement Template
The Michigan commercial lease agreement commits a landlord and a business tenant to a binding contract for retail, office, or industrial space. Property-related expenses will be paid by the landlord, the tenant, or split between both parties as defined in the lease. Every business should be reviewed through a rental application and verified with the Secretary of State’s online database. The term of a commercial lease is usually two (2) or three (3) years because the property owner will typically have an upfront investment in renovating and repairing the premises to fit the tenant’s specifications and will want to protect their investment.