General info, not legal advice. Details

Michigan Security deposit limit

Last reviewed 2026-11-12

How much can a landlord charge for a security deposit in Michigan?

Under MCL 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 Act 348 of 1972 and shall not exceed 1 1/2 months' rent. Example: if monthly rent is $1,000, the security deposit may not exceed $1,500.

Verified Source: MCL 554.602 · last checked 2026-11-12

Related Michigan rules

Deposit return deadline

To claim damages, mail the tenant an itemized notice of damages, with estimated repair costs, within 30 days after occupancy ends.

Verified Source: MCL 554.609 · last checked 2026-10-23 · Full Michigan deposit return deadline page

Interest on deposits

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 · Full Michigan interest on deposits page

Move-in/move-out checklist

Required. At move-in the landlord gives 2 identical blank inventory checklists with a required bold notice; the tenant completes and returns one within 7 days and may request the prior tenant's termination checklist. At move-out the landlord completes a termination inventory checklist listing claimed damages.

Verified Source: MCL 554.608 · last checked 2026-10-23 · Full Michigan move-in/move-out checklist page

Same topic in neighboring states

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

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