Residential Lease Agreement For Multiple Tenants

State:
Michigan
Control #:
MI-810LT
Format:
Word; 
Rich Text
Instant download

Description

This is an agreement for the renewal of an existing lease for an additional term, with possible modifications. The agreement terms conform to state statutory law. This agreement is for the renewal of a non-commercial or residential lease.

How to fill out Michigan Residential Lease Renewal Agreement?

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FAQ

Yes. It's possible to sign a lease agreement with more than one tenant. In this case, the legal term is "co-tenants." Please note that the situation of co-tenants is different from the situation of a tenant and their occupants.

Several liability refers to a type of liability system that courts use to allocate responsibility for damages in tort cases with multiple negligent parties.

When you sign a lease and agree to joint and several liability, you are agreeing that you are each fully responsible for the full amount of the rent, for fulfilling all conditions of the lease, and for any damages to the rental.

1 Florida has now joined the minority of jurisdictions that have completely abolished joint and several liability. Although this move has brought dramatic change and controversy, it was no surprise.

Several liability (or proportionate liability) is when all parties are liable for just their own respective obligations. In effect, it is the opposite of joint liability.

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Residential Lease Agreement For Multiple Tenants