Residential Lease Agreement in Michigan

Michigan Requirements

• Security deposit limited to 1.5 months' rent
• Deposit must be held in a regulated financial institution; landlord must notify tenant of the bank name and address
• Move-in inventory checklist must be provided within 7 days of occupancy
• Deposit must be returned within 30 days of lease termination with an itemized statement of deductions
• No statewide rent control in Michigan

How to Complete This Form

1. 1Identify the landlord (or property management company) and all tenants by full legal name.
2. 2Describe the rental property, including the address and any included amenities or parking.
3. 3Specify the lease term (start date, end date, and renewal terms) and monthly rent amount.
4. 4State the security deposit amount and the conditions for its return.
5. 5Include all required state and local disclosures (lead paint, mold, bed bugs, etc.).
6. 6Outline the responsibilities of both landlord and tenant regarding maintenance, repairs, and utilities.
7. 7Have all parties sign and date the lease, and provide each party with a copy.

Residential Lease Agreement in Other States

Other Forms in Michigan