Michigan Security Deposit Law
What landlords in Michigan need to know about deposit limits, refund deadlines, interest, and penalties for getting it wrong.
Deposit cap
1.5 months' rent
Refund deadline
30 days
Interest required?
No
No statewide interest requirement.
Separate account?
Yes
Penalty for noncompliance
Failure to provide an itemized list within the deadline can forfeit the landlord's right to withhold.
Statute: Mich. Comp. Laws § 554.602
This page summarizes general state-level rules as of 2026 and does not cover city or county ordinances, which can be stricter. Verify against the statute cited above or with a local attorney before relying on it. See all states.