The unfortunate reality is that almost every rental property owner has some sort of experience dealing with less than ideal tenants. While these tenants may have been problematic due to more minor issues like excessive noise or bothersome pets, still others might have been problematic because of more serious issues like criminal activities.
Whether you are a landlord dealing with an unruly tenant or a tenant facing ongoing issues with your landlord, disputes can quickly escalate and become overwhelming to deal with.
The decision of whether or not to rent out a property to a given prospective tenant can be a very big one for a landlord. It is a decision that could potentially have significant impacts on the landlord, the prospective tenant and other tenants in the landlord's building. Thus, having the right information when making this decision can be very important for a landlord.
There are many different rules here in Michigan regarding what sorts of prohibitions landlords can and cannot put in the leases they form with tenants. Currently, a bill is before the state's legislature which would clarify what the rule is when it comes to the permissibility of landlord bans on medical marijuana use.
Imagine that you are a renter-or maybe you already are one-at a Michigan apartment building. You love your unit; it has everything you could want as far as amenities, as well as a few extras you didn't think you would end up liking. But your rent has increased since the first time you signed your lease and now that unit in the apartment down the street, though unappealing at first, is starting to look like a better-and cheaper-option.
Thousands of people across the state of Michigan are currently renting a property, and all of those people have more than likely signed some form of a lease agreement with their landlord. But there is the very likely possibility that a majority of those people did not read all of the fine print before they put pen to paper.
Marijuana laws have been getting a great deal of attention in the news in recent months, and supporters of the movement recently won a number of landmark victories on Election Day. Medical marijuana poses certain risks for landlords, however; legal complications that could leave building owners open to lengthy landlord-tenant disagreements or even federal prosecution.
In many states, including Michigan, renting from a property owner requires that certain documents be filled out and that appropriate identification be presented. Real estate attorneys across that states all agree that it is important to read through lease agreements thoroughly before signing them.
In the wake of a particularly rough recession, families in Michigan and across the United States have seen everything from lost jobs to lost homes. When the housing market dipped to its all time low recently, home foreclosures forced many families to choose renting over ownership.
Rent prices are rising around the country as many property owners seek to take advantage of unusually low vacancy rates. Landlords in many urban areas stand to gain from the market conditions, which some experts say could be due to many people who previously owned homes returning to renting after a foreclosure or short sale.