In Michigan can a landlord from demanding more than one month rent as security deposit?
Full Question:
I requested my tenant to pay me 1½ months rent as a security deposit. My tenant says that in Michigan, a landlord is not permitted to demand more than one month rent payment as security deposit. Is my tenant correct?
01/13/2017 |
Category: Landlord Ten... » Security Dep... |
State: Michigan |
#30101
Answer:
MCLS § 554.602
“A landlord may require a security deposit for each rental unit. A security deposit shall be required and maintained in accordance with the terms of this act and shall not exceed 1 1/2 months' rent.”
In Michigan, a landlord is entitled to ask the tenant to give an amount as security deposit, which is not more than 1 ½ months’ rent.
