Michigan Residential Lease Agreement
This Residential Lease Agreement ("Agreement") is entered into on this ______ day of __________, 20__, (the "Effective Date") by and between _________________________ (the "Landlord") and _________________________ (the "Tenant(s)"). This Agreement is subject to the terms and conditions outlined herein and governed by the Michigan Landlord-Tenant Relationships Act (Act 348 of 1972).
Premises
The Landlord agrees to lease to the Tenant, and the Tenant agrees to lease from the Landlord, the premises located at: __________________________________________________ (the "Premises"), in accordance with the terms of this Agreement.
Term
The term of this Agreement commences on ___________, 20__, and shall terminate on ___________, 20__ unless sooner terminated under the provisions of this Agreement or extended as mutually agreed by the parties.
Rent
The monthly rent for the Premises is $__________, payable in advance on the first day of each month. The first month's rent is due upon the signing of this Agreement. Rent shall be paid to the Landlord at the following address: ________________________________________________________ or via any other method mutually agreed upon by the parties.
Security Deposit
Upon execution of this Agreement, Tenant shall pay to Landlord a security deposit in the amount of $__________. This deposit shall be held according to the Michigan Security Deposit Act (Act 348 of 1972) to cover any damages beyond normal wear and tear, unpaid rent, and any other charges due under this Agreement. The Landlord will provide an itemized list of deductions and return any remaining portion of the deposit within 30 days after the termination of the tenancy.
Use of Premises
The Premises are to be used exclusively as a private residence by the Tenant(s) named in this Agreement and their immediate family. No other use of the Premises is permitted without the prior written consent of the Landlord.
Maintenance and Repairs
Tenant agrees to keep the leased Premises in a clean and sanitary condition and to immediately report any damage, malfunction, or needed repairs to the Landlord. The Landlord is responsible for maintaining the Premises in a habitable condition, as defined by Michigan law, and will perform all necessary repairs not due to the Tenant's negligence or wrongful acts.
Rights and Obligations of the Landlord
- Access to Premises: Landlord shall have the right to enter the Premises during reasonable hours to inspect the property, make necessary repairs, and show the property to prospective renters or buyers, provided that Tenant receives at least 24 hours' notice.
- Maintenance: It is the Landlord's responsibility to comply with applicable building codes, keep common areas safe, and ensure that all electrical, plumbing, sanitary, heating, ventilating, and AC systems are kept in working order.
- Security Deposit: Landlord shall manage the security deposit in accordance with state regulations, including timely return and provision of an itemized list of deductions if applicable.
Rights and Obligations of the Tenant
- Rent Payment: Tenant is responsible for paying the agreed-upon rent on or before the due date each month.
- Maintenance of Premises: Tenant agrees to maintain the Premises in good condition, not to conduct any repairs without the Landlord's written consent, and to adhere to all applicable laws and regulations regarding use of the property.
- Rights to Quiet Enjoyment: Tenant has the right to quiet and peaceful enjoyment of the Premises without undue disturbance from the Landlord or other tenants.
Governing Law
This Agreement shall be governed by, interpreted, and construed in accordance with the laws of the State of Michigan.
Amendments
Any amendments or modifications to this Agreement must be made in writing and signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date first above written.
Landlord's Signature: ___________________________
Tenant's Signature: ___________________________