1): The rental agreement indicates the name of the owner and his address. The due date indicated in the leasing agreement should be considered the standard for the transfer of payments for monthly rental premiums. There is no additional time for late rents, supported by the Michigan State Statutes. Step 17 – Look for items, repairs, and maintenance, and then, on the place provided, report the phone number that a tenant can immediately notify the landlord of gas leaks, wiring problems, water damage, structural damage, and broken equipment. Termination Lease Letter – Allows a lessor or lessee to terminate a monthly contract with a period of at least one (1) month before the next payment term (§ 554.134). The Michigan Rental Application is a form given to a potential tenant of a commercial or residential property. .