Can a landlord demand three months rent as security deposit under the law prevailing in Michigan law?
Full Question:
My landlord has asked me to pay 3 month’s rent as security deposit. Can a landlord demand three months rent as security deposit under the law prevailing in Michigan law?
01/13/2017 |
Category: Landlord Ten... » Security Dep... |
State: Michigan |
#30103
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 the given instance, your landlord is not entitled to demand 3 month’s rent as security deposit.
