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Standard Lease Agreement

Standard Lease Agreement
Standard Lease Agreement
Form No. 2 (Rev. 10/2004) "Copyright Rental Property Owners Association of Kent County 2004"
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"NOTICE: Michigan law establishes rights and obligations for parties to rental
agreements. This agreement is required to comply with the Truth-in-Renting Act. If you
have a question about the interpretation or legality of a provision of this agreement, you
may want to seek assistance from a lawyer or other qualified person."
1. Date of this Agreement: __________________________
2. Move-in Date: __________________________
3. Identification of Landlord and Tenant. This Agreement is entered into on the date above indicated between
_________________________________________________________________________________________________ (Landlord) and
_________________________________________________________________________________________________ (Tenant).
Each Tenant is jointly and severally liable for the payment of rent and performance of all other terms of this Agreement.
4. Identification of Premises. Subject to the terms and conditions in this Agreement, Landlord rents to Tenant, and Tenant rents from
Landlord, for residential purposes only, the Premises located at:
Street Address:
Unit # (If applicable):
City: State: Michigan
together with the following furnishings and appliances: __________________________________________________________
Rental of the Premises also includes:_________________________________________________________________________.
5. Limits on Use and Occupancy. The Premises are to be used only as a private residence for the above listed Tenant(s) and the
following individuals:_______________________________________________________________________________________.
Occupancy by guests for more than _______________ is prohibited without Landlord’s written consent and will be considered a breach
of this Agreement.
6. Term of Tenancy. The rental will begin on ____________________________, 20______.
The Tenant agrees to lease the premises for the period of _______________/_____/_____ through _________________/_____/_____.
7. Rent Amount and Payment of Rent. Total amount of rent due for lease period is $____________, payable in monthly installments of
$____________ to the Landlord and payable in advance on the _____ day of each month, except when that day falls on a weekend or
legal holiday, in which case rent is due on the next business day.
Delivery of payment:
Rent will be paid:
by mail, to _______________________________________________________________________________
in person, at _______________________________________________________________________________
or at such other place as Landlord designates.
Form of Payment:
Landlord will accept payment in these forms:
personal check made payable to _____________________________________________________________
cashier’s check made payable to _____________________________________________________________
credit card
money order
Prorated first month’s rent.
For the period from Tenant’s move-in date, _______________/_____/_____ through _________________/_____/_____, Tenant
will pay to Landlord the prorated rent of $_____________________. This amount will be paid on or before the date the Tenant
moves in.
8. Late Charges. If Tenant fails to pay the rent in full before the end of the ________ day after it is due, Tenant will pay Landlord a late
charge of
$______________, plus $______________ OR ________ % of monthly rent amount, for each additional day that the
rent remains unpaid. The total late charge for any one Rental Period will not exceed $________________. Landlord does not waive the
right to insist on payment of the rent in full on the date it is due.
Standard Lease Agreement