Free Tool
Michigan Security Deposit Calculator
Check if your security deposit complies with Michigan law. Maximum: 1.5x rent. 30-day return deadline.
$
$
Your Deposit
$2,700.00
Compliant1.5x monthly rent
Michigan Maximum
$2,700.00 (1.5x rent)
Return Deadline
30 calendar days after move-out
Michigan Security Deposit Rules
Deposit Limits
- Maximum allowed
- 1.5x rent
- At $1,800.00/mo
- $2,700.00
- Pet deposit
- Allowed
Return & Holding
- Return deadline
- 30 calendar days
- Escrow required
- Yes
- Interest required
- No
- Itemized statement
- Required
Interest requirement: Must hold in regulated financial institution
Statute: Mich. Comp. Laws § 554.602
Max 1.5x monthly rent. Must hold in regulated institution.
View all states or try the late fee calculator.
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