Can I change the terms of the lease with my tenant since I incur higher expenses?
I leased out an apartment in Michigan. I created a lease for a rent of $1230 per month. The building being a condominium, I am incurring higher maintenance fees along with taxes and insurances. It was a mistake on my part not to consider these charges while agreeing on the rent amount. I would like to increase the rent and hence change the terms of the lease. Is it possible for the landlord to change the terms of the lease?11/09/2016 | Category: Landlord Ten... » Lease Violat... | State: Michigan | #26489
However, under Michigan law, the landlord may change the terms of the lease when the change is required by law; the change is to the property to protect health, safety, or peaceful environment; or the change is to cover higher costs by the landlord for taxes, utilities, or insurance. Nonetheless, a landlord must give written notice 30 days before changing the lease.
In your case, you may change the terms of your lease anytime and that too without the approval of the tenant since the change is to include higher costs incurred for maintenance and insurance. But it is always advisable to get the approval or at least properly notify the tenant before the changes are made to the lease.