WebMar 6, 2024 · This Chart provides a state-by-state overview of statutes governing commercial security deposits. The Chart covers limits on the amount of a commercial security deposit and requirements governing the return of, holding of, and interest payments on commercial security deposits. This Chart is a useful tool for commercial landlords, … WebJun 25, 2024 · 30 Days: In the state of Michigan, a landlord has 30 days from tenant move-out to return the tenant’s security deposit* to the forwarding address provided**. If the landlord has taken deductions from the security deposit, the landlord must include an itemized list of the deductions along with the amount withheld or approximate cost to …
Michigan Legislature - Section 554.601
WebA 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 Custom controls for logged in users (not always present). WebApr 3, 2024 · The applicable laws can be located at Michigan Compiled Laws, sections 554.602 to 554.616, if you wish to learn more about Michigan security deposit law directly from the source or need to quote it. Browse the Library of Congress's legal research or the Michigan Legislature website to read state legislation. bdo bataan branch
Security Deposit Laws (Residential Lease): State Comparison …
WebJan 6, 2024 · Security Deposit Returns in Michigan Landlords must return a security deposit as a check or money order [4] by regular mail to the tenant’s forwarding address with an … WebNorth Carolina. Amount limits: 2 weeks' rent for week-to-week, 1 1/2 months' rent for month-to-month, 2 months' rent for rentals exceeding 2 months, and a "reasonable, non-refundable" pet deposit (no specific limit) Deadline for return: 30 days, or 60 days (total) if a dispute over deductions extends beyond 30 days. WebMichigan law allows landlords to do this, provided they give the tenant a written explanation of the mold damage costs (along with any other claimed damages) within 30 days of the tenant's lease termination. (Tenants then have up to seven days to dispute the claimed damages, if they wish.) bdo bauan batangas