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Michigan Interest on deposits

Last reviewed 2026-10-23

Does a landlord have to pay interest on a security deposit in Michigan?

Michigan's Landlord-Tenant Act (Act 348 of 1972, MCL 554.601 to .616) does not require interest on security deposits (full-text search of the act).

Verified Source: MCL 554.601-554.616 · last checked 2026-10-23

Same topic in neighboring states

All Michigan landlord-tenant law · Michigan landlord FAQ · Security deposit limit · Deposit return deadline · Notice to enter · Required lease disclosures · Required disclosures (mold, lead, radon, bedbug, asbestos, flood zone)

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