The bill amends the Truth in Renting Act by updating the requirements for rental agreements. It specifies that a rental agreement must include the name and address for notice delivery to the lessor, and it must present a notice in a prominent place using a minimum font size of 12-point or legible print with letters not smaller than 1/8 inch. This notice informs tenants of their rights and obligations under Michigan law and encourages them to seek legal assistance if needed.

Additionally, the bill introduces a new requirement that landlords must provide written notice to tenants at least 90 days in advance if they intend to increase the rent at the end of the lease. This aims to ensure that tenants are adequately informed about potential rent increases, enhancing transparency and fairness in rental agreements.

Statutes affected:
House Introduced Bill: 554.634