In landlord-tenant law, default usually refers to the failure of a tenant to timely pay rent due. In anticipation of such an occurence, landlords commonly require a new tenant to pay a security deposit, which may be used to remedy defaults in payment of rent and other monetary obligations under the rental agreement. In general, the landlord is required to give the tenant notice of the default before bringing eviction proceedings or applying security deposit proceeds to the payment in default. The fixing of a definite default date for payment of rent can be critical if it becomes necessary to evict a tenant for a default in the payment of rent. Landlords often require a background and/or reference check on prospective tenants in an attempt to minimize defaults in rent payments.
Default Of Lease
State:
Michigan
Control #:
MI-866LT
Format:
Word;
Rich Text
Instant download
Description What Does Defaulted On A Lease Mean
This Warning of Default on Commercial Lease is a warning letter from landlord to tenant expressing concern that if certain conditions are not remedied, tenant will be held in default under the lease agreement.
How to fill out Michigan Warning Of Default On Commercial Lease?
Get any form from 85,000 legal documents including Michigan Warning of Default on Commercial Lease on-line with US Legal Forms. Every template is prepared and updated by state-certified legal professionals.
If you have a subscription, log in. Once you’re on the form’s page, click on the Download button and go to My Forms to get access to it.
In case you have not subscribed yet, follow the steps below:
- Check the state-specific requirements for the Michigan Warning of Default on Commercial Lease you would like to use.
- Read description and preview the sample.
- As soon as you’re sure the template is what you need, click Buy Now.
- Select a subscription plan that really works for your budget.
- Create a personal account.
- Pay out in one of two appropriate ways: by credit card or via PayPal.
- Choose a format to download the document in; two ways are available (PDF or Word).
- Download the document to the My Forms tab.
- After your reusable form is ready, print it out or save it to your gadget.
With US Legal Forms, you’ll always have immediate access to the proper downloadable template. The service gives you access to forms and divides them into groups to simplify your search. Use US Legal Forms to get your Michigan Warning of Default on Commercial Lease easy and fast.
