This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Michigan Application to Lease an Apartment with Payment of First Month's Rent as Deposit
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Multi-State
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US-02428BG
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How to fill out Application To Lease An Apartment With Payment Of First Month's Rent As Deposit?
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FAQ
Michigan landlords can charge tenants a maximum of one and a half month's rent as a security deposit. It is illegal for a landlord to charge more than that.
Dear (Name of landlord or property manager), My name is (Your name) and I have a keen interest in renting the apartment you have available at (Property name or address). I currently live at (Your current address) and have lived there for (XX) years.
I spoke with the NRLA helpline today and was advised that before signing any Tenancy Agreement, I should always get the Full Deposit and one months rent, and told the Holding Deposit Agreement also states this that initial payment is due subject to the landlord agreeing to proceed.
Security Deposit Limit in MichiganMichigan landlords can charge tenants a maximum of one and a half month's rent as a security deposit. It is illegal for a landlord to charge more than that.
In Michigan, a landlord is allowed to charge a cleaning fee but only insofar as necessary to bring the unit to the state it was in when the tenant moved in. Beyond that, the landlord can only charge cleaning costs against the security deposit if the rental agreement allows doing so.
Michigan landlords can charge tenants a maximum of one and a half month's rent as a security deposit. It is illegal for a landlord to charge more than that.
On July 1st, 1979, Michigan's Truth In Renting Act went into effect to ensure fair dealing between residential landlords and tenants in lease agreements. Landlords are prohibited from including certain self-serving and arbitrary provisions in written agreements intended to be a waiver of the tenant's legal rights.
A landlord can require a maximum of one and a half month's rent as a security deposit. A landlord must return the tenant's security deposit within 30 days of the move out date.
Before the tenancy starts, your agent will normally collect the deposit and the first rent payment on your behalf. As soon as this money clears, the signed tenancy agreement has been received from both the landlord and the tenant, have been executed and all other paperwork completed, then the tenant can move in.
You'II usually have to pay your first month's rent in advance and a tenancy deposit. If you rent from a letting agent they'll usually ask you to pay a holding deposit. Ask about all payments before taking a property so you don't have to deal with any unexpected costs.