Michigan Commercial Lease Agreement Template

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The Michigan Commercial Lease Agreement Template will amply define the contractual rental arrangement a landlord and commercial entity enter. Similarly, a landlord with a commercial property will have to lease the property only to a commercial entity…which drastically cuts the available renting population down (generally speaking, there are more peoples seeking residential leases than businesses). However, despite the benefits of this arrangement, it should be documented fully and with great care. While this will not fall under residential lease laws, it is still a contract and will fall under the jurisdiction applicable to commercial properties.

Therefore, once a party that has been assigned a role in this contract signs his/her name in the appropriate area, he or she will be expected to live up to the obligations assigned that role in this document.

It is crucial that both parties sit down and communicate clearly regarding how they expect the rental arrangement will operate. Both Landlord and Commercial Tenant will have their own interests in mind so it is imperative that fair common ground is reached when it comes to the unique information that must be entered in the spaces provided. Once finalized, this contract will remain in effect until it naturally terminates.

 


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