Complete Legal Michigan Equipment Lease Forms For Free

Every equipment lease should include the following fundamental contract elements: Lessor: The equipment owner who will be renting out the equipment. Lessee: The renter who will be paying for the privilege to use the gear. Term: The length of time the lessee will lease the equipment.

So, as you form your lease, make sure to include each of these items: Parties to the Lease. List the name of the landlord and tenant bound to the agreement. Description of the Property. List the address of the property. ... Terms of Rent. ... Lease Term. ... Occupants. ... Security Deposit Information. ... Damages and Repairs. ... Pets.

Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.

Leases don't have to be in writing. But if a lease is written, it must include the name and address where the landlord will notify the tenant of changes to the lease. The lease must tell tenants they must give the landlord a forwarding address in writing where they can be reached within four days after moving out.

A written lease agreement must contain: The names and addresses of both parties; The description of the property; The rental amount and reasonable escalation; The frequency of rental payments, i.e. monthly; The amount of the deposit; The lease period; The notice period for termination of contract;

The Consumer Protection Act (CPA) will apply if your business is doing annual turnover or has an asset value of less than R2 million and your landlord who leases the property does so in the ordinary course of its business.