The bill amends the Truth in Renting Act by updating Section 3 to clarify the restrictions on rental agreements. It specifies that a rental agreement must not include provisions that waive or alter remedies related to the condition of the premises, rights concerning security deposits, or any rights established under civil rights laws. Additionally, it prohibits clauses that exculpate lessors from liability, impose excessive legal costs on tenants, or allow lessors to unilaterally alter the agreement without tenant consent. New provisions also address the acceleration of rental payments upon breach, the requirement for written notice for certain changes, and the prohibition of additional charges for payment methods.

Furthermore, the bill introduces new language that mandates rental agreements must not include clauses that have been prohibited by statute or declared unenforceable by a court decision within 90 days prior to the agreement's execution. It also establishes that any provision violating these restrictions is void. The amendments aim to enhance tenant protections and ensure fair rental practices in Michigan.

Statutes affected:
Senate Introduced Bill: 554.633