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

This question is about Michigan Security Deposit Law

How Much Can a Landlord Charge for a Security Deposit in Michigan? on iPropertyManagement.com

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.

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