Michigan Compiled Laws § 554.602 Security Deposit; Amount.

554.602 Security deposit; amount.

Sec. 2.

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.

History: 1972, Act 348, Eff. Apr. 1, 1973
Popular Name: Landlord-Tenant Act

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Last modified: October 10, 2016