What is a Michigan Standard Lease Agreement?

The Michigan rental lease agreements are designated for a landlord and tenant to come to an agreement over the use of commercial or residential space for an agreed-upon monthly payment. All landlords are encouraged to have their potential tenants undergo a full credit check and reference verification through a rental application before a lease agreement will be drafted. Once a background check has been completed, the landlord will decide if a security deposit is necessary and what the amount will be (if applicable). Once both parties have agreed to all terms and conditions, the agreement should be signed immediately.

Sources: https://rentallease.com/michigan/