This form is a tenant oriented office lease clause that states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
Michigan Tenant Oriented Clause Providing for the Reduction of the Tenant Security Deposit
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State:
Multi-State
Control #:
US-OL4A012C
Format:
Word;
PDF
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How to fill out Tenant Oriented Clause Providing For The Reduction Of The Tenant Security Deposit?
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FAQ
(1) Within 45 days after termination of the occupancy and not thereafter the landlord may commence an action in a court of competent jurisdiction for a money judgment for damages which he has claimed or in lieu thereof return the balance of the security deposit held by him to the tenant or any amount mutually agreed ...
The Landlord and Tenant Relationships Act found in the Michigan Compiled Law defines a security deposit to include any deposit, including any required prepayment of rent, and any other sum required to be paid in excess of the average rent for the term, and any other amount of money returnable to the tenant if the ...
Michigan and U.S. fair housing laws say that landlords cannot discriminate against tenants or applicants because of their race, color, religion, sex, familial status (kids under 18), national origin, disability, age, or marital status.
In Michigan, landlords are allowed to raise rent at any amount as long as it is not discriminatory or retaliatory. However, there are no state-mandated limits on rent increases, so it is up to the landlord to determine the amount of the rent increase.
AN ACT to regulate relationships between landlords and tenants relative to rental agreements for rental units; to regulate the payment, repayment, use and investment of security deposits; to provide for commencement and termination inventories of rental units; to provide for termination arrangements relative to rental ...
(1) A tenant who has a reasonable apprehension of present danger to the tenant or his or her child from domestic violence, sexual assault, or stalking while that person is a tenant shall be released from his or her rental payment obligation in ance with the requirements of this section after submittal of written ...
The Michigan Truth in Renting Act regulates residential leases ? prohibiting certain clauses or provisions and prescribing penalties. A provision or clause in a lease that violates the Truth in Renting Act is void.
AN ACT to regulate relationships between landlords and tenants relative to rental agreements for rental units; to regulate the payment, repayment, use and investment of security deposits; to provide for commencement and termination inventories of rental units; to provide for termination arrangements relative to rental ...
By statute, the maximum security deposit allowable is a 1½ times the monthly rent. This amount includes pet and other similar deposits. This amount does NOT include NONREFUNDABLE fees, such as cleaning and preparation fees.
