Michigan Commercial Lease Agreement
The commercial lease agreement for Michigan commits a landlord and tenant to a binding contract for retail, office, or industrial space for business use. Every business should be reviewed by the rental application and entity status be verified (if applicable) with the Secretary of State’s office using the Business Database. After careful review of the tenant’s qualifications, the landlord is ready to sign an agreement. The typical term is usually two (2) to three (3) years as the property owner will typically have to fit-up and make repairs to the premises to fit the tenant’s exact specifications.
- Commercial Lease Laws – MCL-174-1962-2A