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Michigan Commercial Rental Lease Application Questionnaire

Wayne Michigan Commercial Rental Lease Application Questionnaire

Name: Wayne Michigan Commercial Rental Lease Application Questionnaire
Brand: US Legal Forms
Rating: 4.57 (277 reviews)

Category:

Michigan Landlord Tenant - Commercial Leases - Applications

State:

Michigan

County:

Wayne

Control #:

MI-827ALT

Format:

Instant download

Description

This is a Commercial Lease Application for a Lessor to have the proposed Lessee sign. It contains required disclosures and an authorization for release of information. A commercial lease is a detailed written agreement for the rental by a tenant of commercial property owned by the landlord. Commercial property differs from residential property in that the property's primary or only use is commercial (business oriented), rather than serving as a residence. Commercial leases are often more complex than residential leases, have longer lease terms, and may provide for the rental price to be tied to the tenant business's profitability or other factors, rather than a uniform monthly payment (though this is also quite ordinary in commercial leases).

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Form Rating

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Form popularity

FAQ

Top Tenant Screening Questions What date would you like to move in? Do you have pets? How long have you lived in your current home? Why are you moving? How many people will be living in the unit? How many people living with you smoke? What is your monthly income? Have you ever been convicted of a relevant crime?

Questions to Ask When Viewing a Commercial Property What type of commercial lease is being offered?What is the minimum lease term?What amenities are included?What insurance coverage is required?How much parking is allotted to the renter?Is there room for expansion?Can you make changes to the office space layout?

5 Tips for Negotiating a Commercial Lease Evaluate the Length of the Lease.Research Comparable Rents.Look for Hidden Costs.Ask for Favorable Clauses.Check the Termination Clause Closely.

Here are some of the most important items to cover in your lease or rental agreement. Names of all tenants.Limits on occupancy.Term of the tenancy.Rent.Deposits and fees.Repairs and maintenance.Entry to rental property.Restrictions on tenant illegal activity.

How to Analyze Commercial Real Estate Deals Determine what could be a potential comp. Study the current leases (or lack thereof) Decide which investment strategy to use. Estimate your construction and renovation costs. And get term sheets from your lenders.

A statement from your side stating your intent to lease space inside the building. A brief description of your business including the business model, different business activities and a small history about the start date. A brief description about your products and services including the prices and packaging.

10 Important Rental Lease Clauses to Include Rent Liability. This clause states that tenants are jointly and severally liable for the full rent amount.Severability Clause.Access to Premises.Use of Premises.Holding Over.Sublet Rules.Disturbance Clause.Lessee to Maintain.

The amount of monthly rent is one of the most important issues when it comes to a commercial lease. While rent may seem fairly straightforward, there is a good deal of negotiating room available, even if the rent itself is already established.

9 Questions to Ask Prospective Tenants What's Your Desired Move in Date?Why Are You Moving?Do You Have Pets?What Is Your Monthly Income?Can You Provide Landlord and Employer References?How Many People Will be Living in the Apartment?Do You Smoke?Are You Okay With Paying an Application Fee?

Importantly, AB 3088 does not apply to commercial tenants.

More info

Currently, the WCLB holds title to 1762 properties throughout Wayne County. Find commercial real estate services and property investment strategies.7A: Contract. to. Purchase. Building. If using a mobile device, you can directly take photos of your documents as you complete the form. Which Michigan county do you live in? PacLease is here to help. Intellectual property disclosure on file in the Technology Transfer office. Complete and submit your application online. The Greater Metropolitan Association of Realtors® is the largest, local Realtor® association in the State of Michigan with over 10000 members. This contract lays out the responsibilities of each party and is usually longer and more complicated than a residential lease.

See our full contract for more information. Michigan Property Assessment Review. Michigan REALTOR® member-owned Realtors are governed by regulations which limit assessments in their communities. If you receive a letter from a Michigan REALTOR® member, we recommend not responding. We will send you the name of the local REALTOR® to contact on your behalf which will guide you in the right direction. View our full disclaimer on REALTOR® and the Uniform Commercial Code for complete instructions on the Uniform Commercial Code. Michigan REALTOR® property management firms are governed by regulations which limit assessments in their communities. If you receive a letter from a Michigan REALTOR® member, we recommend not responding. We will send you the name of the local REALTOR® to contact on your behalf which will guide you in the right direction. View our full disclaimer on REALTOR® and the Uniform Commercial Code for complete instructions on the Uniform Commercial Code.

Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

Wayne Michigan Commercial Rental Lease Application Questionnaire

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FAQ

What questions should I ask prospective tenants?

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Does AB 3088 apply to commercial tenants?

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Wayne Michigan Commercial Rental Lease Application Questionnaire

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