Rental Application – Lets the landlord run a background check on the tenant by obtaining their personal details and consent.
Michigan Rent-to-Own Lease Agreement
A Michigan rent-to-own lease agreement is a lease that includes an option for the tenant to buy the property. The terms of the transaction are negotiated at the time of signing. The landlord will commonly look closely at the tenant's financials to make sure that they can pay the monthly rent and purchase the property.
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Updated October 09, 2024
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