Apartment Lease Agreement Michigan
A Michigan Apartment Lease Agreement is a legally binding contract that outlines the terms and conditions between a landlord and a tenant for the rental of residential property in the state of Michigan.
Our comprehensive template covers essential details such as rent, lease duration, security deposits, and other crucial aspects, ensuring a clear understanding and a smooth leasing experience for both parties involved. It includes the following legal considerations.
Security Deposit
- Landlords typically collect a security deposit not exceeding one and a half month’s rent This deposit is held in an escrow account and must be returned within 30 days of moving out.
- Periodic leases renew automatically. Landlords and tenants must provide a 30-day notice before terminating a month-to-month rental agreement. In the case of an annual rental agreement, the mandated notice period is 365 days (a year).
Payment Terms
The landlord is allowed to increase the rent with the tenant’s consent after providing a 30-day notice.
Landlords are also allowed to screen applicants by checking income, credit history, rental history, and criminal background. However, the Fair Housing Act bars discrimination on the basis of race, color, religion, gender, disability, or national origin.
While Michigan’s laws don’t specify late fees on rent payments, they’re recommended to enforce timely payment.
Eviction
- In this state, landlords can initiate eviction proceedings when a tenant violates any of the lawful reasons stated in the agreement.
- This includes failure to pay rent, illegal activity, and staying beyond the lease period, to name a few.
- Also, According to Michigan’s housing laws, the agreement can include smoking and pet restrictions.
Disclosures
Some common considerations for an apartment lease agreement in Michigan include:
- Lead-Based Paint Disclosure (for properties built before 1978)
- Truth in Renting Act Notice
- Security Deposit Receipt
- Landlord-Tenant Relationship Act Notice
- Bedbug Disclosure
- Flood Zone Disclosure (if applicable)
- Fire Safety and Carbon Monoxide Detector Disclosure