Official Lease Agreement Template for the State of Michigan

• Rental Agreement: Similar to a lease agreement, a rental agreement outlines the terms under which a property is rented. Both documents specify the duration of the rental, payment terms, and responsibilities of the tenant and landlord.
• Residential Lease Agreement: Essential for both landlords and tenants, this document establishes the rental terms and conditions, ensuring clarity and mutual understanding. For more customizable options, consider Fillable Forms.
• Sublease Agreement: A sublease agreement allows a tenant to rent out their leased property to another party. It includes terms similar to a lease, such as duration and payment, but is specific to the arrangement between the original tenant and the subtenant.
• Property Management Agreement: This document is between a property owner and a property management company. It details the management company’s responsibilities, similar to how a lease outlines tenant and landlord responsibilities.
• Tenancy Agreement: A tenancy agreement is often used interchangeably with a lease. It defines the rights and duties of both the landlord and tenant, focusing on the rental of residential property.
• Commercial Lease Agreement: This document is specifically for leasing commercial property. It shares similar elements with a residential lease, such as rent, duration, and property maintenance obligations, but is tailored for business use.
• Month-to-Month Rental Agreement: This type of agreement allows for more flexibility, as it can be terminated with short notice. Like a lease, it includes payment terms and obligations but is typically less formal.
• Lease Option Agreement: This agreement gives a tenant the option to purchase the property at a later date. It includes lease terms and specifies how the purchase option can be exercised, similar to a standard lease.
• Roommate Agreement: This document outlines the responsibilities and expectations between roommates sharing a rental property. It covers aspects like rent payment and household duties, mirroring some terms found in a lease.
• Real Estate Purchase Agreement: While primarily for buying property, this agreement includes terms about the property’s condition and financing, similar to how a lease outlines property use and obligations.
• Vendor Agreement: This document is used when a property owner hires a service provider for maintenance or repairs. It includes terms of service and payment, akin to the obligations outlined in a lease agreement.

• Understand the parties involved: Clearly identify the landlord and tenant names, along with their contact information.

• Specify the property details: Include the full address of the rental property to avoid confusion.

• Outline the lease term: State the start and end dates of the lease to establish the rental period.

• Detail the rent amount: Clearly indicate the monthly rent and the due date to ensure timely payments.

• Include security deposit information: Specify the amount and conditions for the return of the deposit.

• Address utilities and maintenance: Clearly state which utilities are covered and the responsibilities for maintenance.

• Define rules and regulations: Include any property rules, such as pet policies or noise restrictions.

• Ensure signature lines are present: Both parties must sign and date the agreement to make it legally binding.

Instructions on How to Fill Out Michigan Lease Agreement

Completing the Michigan Lease Agreement form requires careful attention to detail. Each section of the form is designed to capture important information about the rental arrangement. Follow these steps to ensure you fill out the form correctly and completely.

1. Begin by entering the date at the top of the form. This date marks when the lease agreement is being executed.
2. Fill in the names of the landlord and tenant. Ensure that the names are spelled correctly and match the identification documents.
3. Provide the address of the rental property. This should include the street address, city, state, and zip code.
4. Specify the term of the lease. Indicate whether it is a month-to-month lease or a fixed-term lease, and include the start and end dates if applicable.
5. Detail the rental amount. Clearly state the monthly rent and any additional fees that may apply.
6. Outline the security deposit amount. Include any terms regarding the return of this deposit at the end of the lease.
7. Include any utilities or services that are covered by the landlord. This may include water, electricity, or gas.
8. Specify any rules or regulations that the tenant must follow. This could include pet policies or maintenance responsibilities.
9. Both parties should sign and date the form at the bottom. This signifies agreement to the terms outlined in the lease.

After completing the form, review it carefully to ensure all information is accurate. Both the landlord and tenant should keep a copy for their records. This will help prevent misunderstandings in the future.