Michigan Standard Residential Lease Agreement Template
The Michigan standard residential lease agreement is designated for a lessor (the property owner/manager) and lessee (the tenant) who would like to come together and make a binding contract for the rental of a livable property. Both parties must always follow State laws regarding landlord-tenant relationships (See a Practical Guide for Tenants and Landlords) and the landlord will commonly require a rental application be filled in by the potential lessee prior to moving in. Included in the lease document will be a list of prohibited activities (such as smoking, damaging property, and causing disturbances), as well as the landlord and tenant’s responsibilities regarding payments, notices, and repairs.
Handbook – A Practical Guide for Tenants & Landlords
Required Disclosures (6)
Domestic Violence Victims – The landlord must provide the following notice in the rental contract, or by posting it on the property and/or delivering it personally to the Tenant:
NOTICE: A tenant who has a reasonable apprehension of present danger to him or her or his or her child from domestic violence, sexual assault, or stalking may have special statutory rights to seek a release of rental obligation under MCL 554.601b.
Lead-Based Paint Disclosure – Only if the residential unit was built before 1978.
Notice Information (§ 554.634) – The landlord must provide in the lease an address where the tenant may be able to send legal notices.
Truth in Lending Act (§ 554.634) – All contracts must contain the following in 12-point font and no less than 1/8 inch in height.
NOTICE: Michigan law establishes rights and obligations for parties to rental agreements. This agreement is required to comply with the Truth in Renting Act. If you have a question about the interpretation or legality of a provision of this agreement, you may want to seek assistance from a lawyer or other qualified person.
Security Deposit Receipt (§ 554.603) – Must be given by the landlord to the tenant including the financial institution where the funds are located. In addition, the following must be stated in the receipt, in at least 12 point font which must be at least 4 points larger than the rest of the document and in bold-faced lettering:
NOTICE: You must notify your landlord in writing within 4 days after you move of a forwarding address where you can be reached and where you will receive mail; otherwise your landlord shall be relieved of sending you an itemized list of damages and the penalties adherent to that failure.