WebAct 348 of 1972. 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 … WebNo. The full text of the Landlord-Tenant Act (specifically, section 554.614 of Act 348 of the year 1972) makes no mention of this. Searching the law for "interest" doesn't yield …

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WebUnder Michigan’s Landlord and Tenant Relationships Act 348 of 1972, Sec. 554.604 (4) (1), landlords may use the security deposit money for any purposes they desire if they … WebAct 348 of 1972. AN ACT to regulate relationships between landlords and tenants relative to rental agreements for rental units; to regulate the payment, repayment, use and investment of security deposits; to provide for commencement and termination inventories of rental … fashion designer templates printable

Michigan Security Deposit Laws GetJerry.com

WebHow to File Your Security Deposit Bond For the First Time. The amount of the bond must equal the amount of security deposits collected up to $50,000. If the amount of security … Web(e) "Security deposit" means a deposit, in any amount, paid by the tenant to the landlord or his or her agent to be held for the term of the rental agreement, or any part of the term, … WebUnder state law (Mich. Comp. Laws § 554.601a), tenants who have occupied their rental unit for more than 13 months may terminate the lease by a 60-day written notice if the tenant has become eligible for subsidized senior citizen housing, or because the tenant is incapable of living independently due to age or infirmity. free war fps games