Michigan Residential Room Lease Agreement is a legally binding contract between a landlord and a tenant for renting out a room in a residential property located in the state of Michigan. This agreement outlines the terms and conditions that govern the tenancy, ensuring that both parties understand their rights and responsibilities. The Michigan Residential Room Lease Agreement typically includes key provisions such as the names of the landlord and tenant, the property address, the duration of the lease, and the rental amount. It also includes clauses related to the security deposit, late payment fees, and the rules and regulations that must be followed by the tenant. This agreement establishes the legal framework for the tenancy, protecting both the landlord and tenant in case of any disputes or misunderstandings. In Michigan, there are a few different types of Residential Room Lease Agreements that may be used depending on the specific circumstances. These may include: 1. Fixed-term lease agreement: This is a lease agreement that specifies a predetermined duration for the tenancy, such as six months or one year. The tenant is obligated to pay rent for the entire duration of the lease unless both parties agree to terminate it early. 2. Month-to-month lease agreement: This type of agreement does not have a fixed duration and instead continues on a month-to-month basis until either party gives a written notice to terminate the tenancy. This provides flexibility for both the landlord and the tenant. 3. Furnished room lease agreement: If the room being rented out is furnished with essential amenities such as furniture, appliances, and utilities, a furnished room lease agreement may be used. This agreement can specify the condition of the furnished items and the tenant's responsibilities for their maintenance. 4. Shared common areas lease agreement: In situations where the tenant will have shared access to common areas like the kitchen, living room, or bathroom, a shared common areas lease agreement may be used. This agreement outlines the responsibilities and rules for using and maintaining these shared spaces. It is important to note that the specific terms and conditions of a Michigan Residential Room Lease Agreement may vary depending on the landlord's preferences, local laws, and any additional clauses added to the agreement. It is advisable for both parties to carefully review and understand the agreement before signing to ensure compliance and a successful tenancy.