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Landlord
Landlord Tenant Relationship
| Term | Definition |
|---|---|
| Michigan Truth In Renting Act | Regulates rental agreements, commercial sale of rental agreement, prohibits inclusion of certain clause, requires inclusion of certain clause |
| Landlord | Right to property after termination of lease, right to receive rent, disclose defects to tenant, mataining common areas. |
| Tenant | Right to peaceful possession, must pay rent, responsible for damages beyond normal wear and tear. |
| Security Deposit | Advance amount paid by tenant,must be returned upon expiration of lease term, shall not exceed one and on half month rent in addition to first. |
| Requirements | Landlord shall not require a security deposit unless tenant has been notified in writing. No later than 14 days after tenant has possession. Tenant has 4 day |
| Use of Security deposit | To reimburse the landlord for damages caused by tenant. To reimburse the landlord for delinquent rent, utility bills, rent to from premature termination. |
| Damages | Upon termination landlord must send tenant within 30 days, a list of damages including cost of repairs and check for difference. |
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Jgjg
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