What is a disclosure statement for a landlord-tenant agreement?

A disclosure statement for a landlord-tenant agreement in Michigan is a legal document that outlines the rights and responsibilities of both the landlord and the tenant. The disclosure statement must be provided to the tenant before they sign a rental agreement or lease. The disclosure statement must include information about the tenant’s rights, such as the right to quiet enjoyment of the premises, the right to a habitable home, the right to receive proper notice of rent increases, and the right to receive proper notice of legal actions. The disclosure statement must also include information about the landlord’s responsibilities, such as the responsibility to provide the tenant with a safe and sanitary living environment, the responsibility to follow all laws and regulations pertaining to the rental property, the responsibility to provide a detailed list of the tenant’s deposit and fees, and the responsibility to provide the tenant with proper notice of any changes to the rental agreement. In addition, the disclosure statement must also include a copy of the rental agreement or lease, the landlord’s contact information, and an explanation of any fees or deposits required. It is important for both the landlord and the tenant to understand the terms of the rental agreement or lease before entering into it, as it sets out the terms and conditions of their relationship.

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What is a disclosure statement for a landlord-tenant agreement?

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