This bill amends the existing landlord-tenant regulations under 1972 PA 348 by adding a new section (Sec. 1n) that mandates landlords to complete and submit a rental property database form to the Michigan State Housing Development Authority within 90 days of its availability. The form must include detailed information about the rental property, such as its location, the landlord's contact information, and compliance with health and safety requirements. Additionally, landlords are required to update this form within 15 days of any change in ownership and provide copies to tenants, ensuring transparency and compliance with local regulations.

The bill also establishes penalties for non-compliance, imposing a civil fine of up to $50 per day for violations, which will be used to maintain the rental property database. The definitions of key terms such as "authority," "form," and "person that holds a beneficial interest" are also included to clarify the bill's provisions. The enactment of this bill is contingent upon the passage of two other related bills in the 103rd Legislature.

Statutes affected:
House Introduced Bill: 554.601, 554.616