How Much Can a Landlord Charge for a Security Deposit in Michigan?

This question is about Michigan Security Deposit Law

The maximum security deposit a landlord can charge in Michigan is one and one-half (1 ½) months’ rent. Note, however, that this does not include “option-money” for leases that come with an option to purchase or membership fees in cooperatives or housing associations.

The information for this answer was found on our Michigan Security Deposit Law answers.