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Click ‘Get Form’ to open the Office Lease Agreement - Michigan in the editor.
Begin by filling in the date at the top of the document, followed by the names of both Lessor and Lessee in the designated fields.
In Section 1, enter the complete address of the leased premises. Ensure accuracy for legal purposes.
For Section 2, specify the lease term start and end dates. Note any conditions for automatic renewal.
In Section 3, input the monthly rental amount and due date. Be aware of late fees outlined in this section.
Section 4 requires you to state how the leased property will be used. Ensure this aligns with your business needs.
Complete Sections 5 through 10 by detailing tax responsibilities, utility payments, maintenance obligations, and other terms as specified.
Finally, review all sections for completeness and accuracy before signing at the bottom of the document.

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How many years is a typical office lease?

Standard Commercial Lease Agreements. A standard commercial lease is about three to five years. As a middle ground between short and long leases, standard commercial leases bring the best of both together. Standard lease agreements give tenants some flexibility in negotiations and the ability to move in the future.

Does a lease agreement need to be docHubd in Michigan?

Does a Michigan lease need to be docHubd? No, a Michigan lease does not need to be docHubd to be legally binding.

What is the typical lease term for office spaces?

Key Takeaways. The most common lease term for space in an office building is typically 3 5 years. Understanding different types of office leases, such as single net, double net, triple net, full-service gross, modified gross, and percentage leases, can help businesses decide which option suits their needs best.