Michigan property managers can use these downloadable sample forms to lease, rent and manage residential and commercial properties. Customizable, reusable legal and administrative templates.
The Michigan Public Act requires all persons who are paid to act as property managers to have a valid real estate broker's license, unless they are employed as a property manager by a licensed broker or unless their responsibilities do not include leasing or renting properties.
The exception to this is if a property owner uses its own employees to manage the properties it owns. Those employees do not need to be licensed.
MI property managers, prepare a contract for your services with this Michigan Rental Property Management Agreement.
The property manager is retained on an exclusive basis to rent, lease and manage the rental property.
The manager will be paid a percentage of the monthly rental amount for managing the property. If the manager undertakes additional work outside the scope of its duties, additional fees will be payable.
Michigan landlords, if you're deducting any amount from your tenant's damage deposit when they move out, you must provide an itemized Security Deposit Statement within 30 days of the date they move out.
The Statement sets out the amount of the original security deposit and any additional deposits, less any deductions being made for unpaid rent or utilities, repairs for damages, etc.
It also sets out whether a refund is being paid to the tenant or if any additional amo.....