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Michigan Commercial Lease Agreement

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Michigan Commercial Lease Agreement Page 2
Michigan Commercial Lease Agreement
Page 2 of 12
Commercial Lease Agreement (Fixed Term) Art.No. 19604
Initials:
§3 Term of Lease
The Landlord hereby leases the Leased Premises to the Tenant, and the Tenant hereby leases the same from the
Landlord, for an initial term of
,
beginning
and ending .
§4 Amount of Rent
The amount of the rent is $ , to be paid . The
total lease payment is $
.
§5 Form of Payment
Payment of the rent will only be made by personal check, unless modified through provision below.
§6 Date Rent is Due
The rent is due on or before the day of each month. This is the day by
which the Landlord must have received the Tenant’s rent payment.
§7 Late Fee
7.1 If rent or any other charges are not received by the Landlord within days
after the rent due date, the Tenant must pay a late fee of $
in addition to the
rent.
7.2 Payments received by the Landlord when there are arrears, will be credited first to any outstanding balance, and then
applied to the current amount due.
§8 Returned Payments for Insufficient Funds
A returned payment fee of $ will be added for all returned payments. If there are more
than two instances of returned payments, the Tenant agrees that the Landlord may require all future pay-
ments to be made only by certified check, money order, or cash.
§9 Lease Renewal
This lease will automatically renew for an additional period of per renewal term, unless
either party gives written notice of termination no later than
days prior to the end of the term or
renewal term. The lease terms during any such renewal term will be the same as those contained in this lease
except that the lease installment payments will be $
per .
Neither party must state, nor have grounds to give the other party notice of termination, nor to terminate
the lease agreement or the renewal term lease agreement.
Length of Term
Normally "monthly"
This is the sum of all lease payments planned under this lease
Normally "first"
Normally "five"
Michigan Commercial Lease Agreement
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