WebJun 25, 2024 · Michigan landlords can charge tenants a maximum of one and a half month’s rent as a security deposit. It is illegal for a landlord to charge more than that. 2 Ways to … WebThe most a landlord can ask for a security deposit is one-and-one-half times the monthly rent. For example, if rent is $500 a month, you cannot ask for more than a $750 security deposit. There are also notice requirements for security deposits that landlords must follow. To learn more, read An Overview of Security Deposits for Landlords.

Michigan Security Deposit Laws: Collections, Holdings & Max

WebApr 3, 2024 · Security deposits can be requested by the landlord if they want. The value of a deposit cannot be higher than one month and a half of rent. The landlord may request the tenant to make a rent payment in advance, but that amount is going to be considered part of the security deposit. WebSep 6, 2024 · As per Michigan law, your landlord has 30 days to either return the security deposit or send you a list of damages. The List of Damages The list of damages that the … gmail how to create nesting folders

Michigan Landlord Tenant Laws - Innago

WebA landlord cannot charge a security deposit to a tenant unless the tenant is given the required written notice “no later than 14 days from the date a tenant assumes possession.” MCL 554.603 By statute, the maximum security deposit allowable is a 1½ times the monthly rent. This amount includes pet and other similar deposits. Web4 rows · May 22, 2024 · Michigan Compiled Laws, Chapter 554, Landlord and Tenant Relationships, Section 554.602, et ... WebMichigan Landlord Tenant Law – Security deposits. Section 554.602 specifies that under the Michigan Landlord Tenant Law, Act 348 of 1972, landlords of Michigan rental properties may require a security deposit, but it “shall not exceed 1 1/2 months’ rent.”. When a landlord requires and accepts a security deposit from a tenant, Michigan ... gmail how to get deleted email back