A residential lease in Michigan must prominently display a disclosure of the Michigan Truth in Renting Act, an act which was passed into law in 1978. The Act regulates rental agreements for residential premises by prohibiting the inclusion by landlords of certain provisions, requiring the disclosure by landlords of certain information, requiring the inclusion of certain provisions in residential rental agreements, and regulating the commercial sale of printed rental agreement forms. Penalties for violations are also outlined in the Act.
LeaseRunner’s Michigan Residential Lease complies with the Michigan Truth in Renting Act. There are two mandatory statements that must be included in every rental agreement, in addition to the rental agreement complying with the various provisions of the Act.
- The first statement regards notice requirements by the tenant to the landlord. Specifically, the name and address of the landlord or property manager must be included in the lease agreement so that they tenant can accurately send any required notices to the landlord.
- The second statement is a bit more specific, and must be made prominent in the lease agreement. In LeaseRunner’s Michigan Residential Lease the statement is at the top of the document. The statement must be in a type not smaller than 12-point, or in legible print with letters not smaller than ⅛ inch, and it must read as follows:
“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.”