Michigan Lease of Dwelling Unit of Cooperative Housing Corporation by Stockholder of Lessor is a legal document that outlines the terms and conditions for renting a dwelling unit in a cooperative housing corporation in the state of Michigan. This lease agreement is specifically designed for stockholders who are also lessors in the cooperative housing corporation. The Michigan Lease of Dwelling Unit of Cooperative Housing Corporation by Stockholder of Lessor is a comprehensive agreement that covers various aspects of the tenancy. It includes essential details such as the names of the parties involved, the address of the dwelling unit, and the lease term. The document also provides a detailed description of the dwelling unit, including any furniture or appliances that are included in the rental. Moreover, the lease agreement specifies the rent amount and due date, the method of payment, and any late fees or penalties for overdue payments. It also outlines the security deposit amount, its purpose, and the conditions for its refund at the end of the lease term. Additionally, the document includes provisions for utilities, maintenance responsibilities, and any restrictions or rules that the tenant must comply with. Different types of Michigan Lease of Dwelling Unit of Cooperative Housing Corporation by Stockholder of Lessor may exist depending on variations in specific terms and conditions. For example, some leases may include provisions for pets, while others may prohibit them. Each agreement may also differ in terms of renewal options, termination clauses, or rules regarding the subleasing of the unit. It is important for both the stockholder-lessor and the tenant to thoroughly review and understand the terms of the lease before signing. This ensures that both parties are fully aware of their rights and responsibilities throughout the tenancy period. It is recommended to seek legal advice when preparing or reviewing a Michigan Lease of Dwelling Unit of Cooperative Housing Corporation by Stockholder of Lessor to ensure compliance with state laws and regulations.