There is much to admire about Michigan from its vast lakes to the Henry Ford Museum. With regards to being a landlord, it is important to understand the intricate requirements of renting your investment property out. This free and informative booklet titled “Michigan Truth in Renting” is a MUST read by all landlords. There is no plea for ignorance for a landlord in Michigan. This guide spells out the law, period. Therefore if you are a landlord in Michigan, you must read and understand this information.
Let’s face it, being a landlord and renting your properties anywhere can be very tricky, but having the right tools can make it a bit easier. There are different laws for each state when it comes to renting; and Michigan is no different. Each state has a different set of rules and regulations regarding both the tenant’s and the landlord’s responsibilities. These laws designate responsibilities while clearing up any confusion either party may have.
The Michigan Truth in Renting Act was created to regulate residential rental agreements. This act regulates the agreements by informing landlords and tenants of the different information like laws, provisions and clauses that must be in the lease. It also informs both parties of which disclosures and/or addenda that is required.
The state of Michigan requires that all leases contain specific language. The ezLandlordforms’ Michigan specific lease complies with the requirement outlined in the Act and contains the text required. The Michigan Truth in Renting Act explains this in detail. This Michigan information which is supplied by ezLandlordForms through the “Legislative Council, State of Michigan regulates rental agreements for residential purposes and protects the tenant from predatory landlord practices. This four page disclosure is state specific and also email able from our site.
NOTE: The information in this documents does not apply to agreements created before July 1st, 1979.