Michigan Commercial Lease Agreement

A Michigan commercial lease agreement is a legally binding contract between a business entity and a landlord of commercial property. This agreement establishes a rental arrangement that allows the landlord to receive rental revenue while enabling the business to operate within the designated space.

Michigan Commercial Lease Agreement

Michigan Commercial Lease Agreement

Complexity of Commercial Leases

Commercial leases in Michigan are typically more complex than residential leases. This complexity allows both the landlord and tenant to collaboratively define various aspects of the transaction, including the details of the rental arrangement, information about the parties involved, base rent, security address, property address, and intended use of the property.

Business Verification

Landlords in Michigan can verify a business’s legal ability to operate in the state through the Michigan Business Entity Search. This directory helps ensure that the business is registered and compliant with state regulations.

Rental Laws

The rental laws governing commercial leases in Michigan are outlined in the Michigan Compiled Laws 174-1962-2A.

Consumer Protection Laws

Consumer protection in commercial leasing is addressed by MI Comp. Laws § 440.2804.

Jurisdiction

According to MI Comp. Laws § 440.2806, the choice of jurisdiction in a lease agreement is enforceable only if it meets one of the following criteria: the jurisdiction is where the tenant resides when the lease agreement comes into effect, or the jurisdiction is where the goods are intended to be used.

Statutes

FAQs

A Michigan commercial lease agreement is a legally binding contract between a business entity and a landlord for commercial property rental. It outlines the rental arrangement, including details such as base rent, security address, and intended use of the property.

Key components of a Michigan commercial lease include the parties’ information, base rent, security address, property address, and the intended use of the space. These elements help define the terms of the rental arrangement.

A landlord can verify a business’s legitimacy in Michigan by using the Michigan Business Entity Search directory. This resource allows landlords to confirm that a business is legally authorized to operate in the state.

The relevant rental laws for commercial leases in Michigan are outlined in the Michigan Compiled Laws 174-1962-2A. These laws govern the rights and responsibilities of landlords and tenants in commercial rental agreements.

Consumer protection laws applicable to commercial leases in Michigan are specified in MI Comp. Laws § 440.2804. These laws are designed to protect the rights of consumers in business transactions, including leasing agreements.

According to MI Comp. Laws § 440.2806, the choice of jurisdiction in a commercial lease agreement is enforceable only if it is in the state where the tenant resides or where the goods are to be used when the lease comes into effect.

You can download a Michigan commercial lease agreement template in PDF or MS Word format. This allows you to customize the lease according to your specific needs and legal requirements.