Michigan Commercial Lease Agreement
The Michigan Commercial Lease Agreement is used to formally document the official terms and conditions regarding the renting of a commercial property for a term longer than one (1) year. According to Michigan Statute § 566.106, a written contract is not required for leases under one (1) year in length. Additionally, Michigan law has minimal requirements regarding the makeup of a commercial lease. It requires only four (4) essential points of information, which consist of (1) a section that identifies the parties, (2) a description of the for-lease property, (3) the term of the lease (duration), and (4) the amount of monthly rent that will be due by the tenant. The Michigan Commercial Lease available for download below contains these four (4) required points of information.