Michigan Amendment of Lease Package

State:
Michigan
Control #:
MI-P072-PKG
Format:
Word; 
Rich Text; 
PDF
Instant download

Description

With this Amendment to Lease Package, you will find the forms that are necessary to modify the terms of a lease. The forms in this package are designed to avoid disagreements over changes to leases and stay in compliance with state law.


Included in your package are the following forms:


  1. Amendment of Residential Lease

  2. Model Lease Amendment for Short Term Rent Deferral

  3. Letter Regarding An Amendment to Tenants Lease

  4. Lease Clause to Keep Responsible After Assigned Lease is Modified


Detailed information on forms included:


  1. Amendment of Residential Lease - This Amendment of Residential Lease permits changes to a lease agreement that will be incorporated as part of the overall lease contract. The structure of this form complies with applicable state statutes.

  2. Model Lease Amendment for Short Term Rent Deferral - This form is a model lease amendment providing rent deferral for financially strapped tenants. It also contains provisions for the payment of any deferred rent.

  3. Letter Regarding An Amendment to Tenants Lease - This letter is sent to the tenant 60 days prior to lease expiration. It explains the effective date of lease amendment and response deadline.

  4. Lease Clause to Keep Responsible After Assigned Lease is Modified - This form is a lease clause that keeps the tenant liable for responsibilities in the lease after it has been modified.

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FAQ

If the mandatory break fee applies, the set fee payable is: four weeks rent if less than 25 per cent of the agreement has expired. three weeks rent if 25 per cent or more but less than 50 per cent of the agreement has expired. two weeks rent if 50 per cent or more but less than 75 per cent of the agreement has expired.

A lease and addendum are esentially the same thing, 'the lease'. The addendum is part of the lease, it does not stand on it's own. If the lease and addendum say different things, but one does not supercede the other, it's ambigious, and the least restrictive clause stands.

Declare a Constructive Eviction. Point Out Landlord Breaches to Reduce Your Debt. Landlords Have a Duty to Mitigate Their Damages. Consequences for Breaking Your Lease. Look for These Clauses in Your Lease. Your Landlord May Have a Duty to Mitigate. Declare a Constructive Eviction.

Termination Fees Most agreements require you to pay 2-3 months' rent and forfeit your security deposit.

Lease addenda are separate documents that landlords add to an original lease agreement. Landlords use them to provide additional information that the original lease doesn't cover. Be sure not to confuse addenda with lease amendments, which are changes made directly to the existing lease itself.

Create Document. A lease extension addendum is a contract that further extends the term of an existing lease agreement. The addendum will establish a new lease termination date that both the landlord and tenant agree to.

The lease addendum templates allow a landlord or tenant to make changes to a current residential or commercial lease agreement. Instead of changing the actual lease agreement, an addendum is a document added to a lease agreement outlining the prearranged modifications.

You can still break the lease by paying all the rent due for the remaining lease term. Under Michigan law, you only need to pay the amount the landlord loses, in the event of breaking the lease. No matter what your reason for leaving is, landlords must make reasonable efforts to re-rent the unit.

Unless such a condition is explicitly stated in the lease or there is a rare jurisdictional law that requires a cooling period, your lease is binding the second you sign your name. The landlord has the right to decide whether to mutually agree to terminate the lease or to hold you to the terms.

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Michigan Amendment of Lease Package