I am planning to lease out my apartment. Should I make a written lease?
Full Question:
I have an apartment in Michigan, and I have decided to lease it out. I am not sure about the procedures for creating a lease. Is it necessary that the lease must be written? If so what all information should it include?
11/09/2016 |
Category: Landlord Ten... ยป Residential ... |
State: Michigan |
#26490
Answer:
For a written lease, it is essential to include the name and the address where the landlord will notify the tenant of changes to the lease. The lease must also tell tenants they must give the landlord a forwarding address in writing where they can be reached within four days after moving out. This must be clearly specified in the lease agreement.
The terms of the lease can be decided mutually and a landlord and the tenant can agree to almost anything in a lease that doesn’t violate federal, state, or local laws, rules, and regulations. A lease cannot take away the rights of a tenant or include terms to ensure faster payment of rent. If a lease has an illegal section and the landlord does not change it within 20 days of getting written notice of it, the tenants have the option to cancel or end the lease.
