Tenants And Landlords Resource Guide - Michigan State University, College Of Law Page 33
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39SECURITY DEPOSIT TIMELINE
Landlord’s Duties
Tenant’s Duties
Beginning of Lease
A security deposit, if required, shall
The security deposit is the lawful
(generally move in)
not exceed 1½ month’s rent.
property of the Tenant.
Michigan Statutes: 554.602, 554.604, 554.605,
554.608(2)
Deposit Tenant’s security deposit in a
Recommendation: Read the lease
regulated financial institution OR file
(preferably before signing it) and all
a surety bond with the state.
other information provided to you by
the Landlord. Request from
Landlord the inventory checklist
Provide Tenant:
and/or itemized list of damage report
1. A copy of the lease, and
from previous tenancy.
2. Two blank copies of the inventory
checklist.
Within 7 days from move in
Recommendation: Keep Tenant’s
Return to Landlord the completed
(L and T may agree to a shorter
completed checklist.
inventory checklist, noting condition
period, but not a longer period)
of rental unit (add pages if necessary);
Michigan Statute 554.608(3)
be sure to keep a copy yourself.
Provide Tenant in writing:
Recommendation: Read the
Within 14 days from move in
Michigan Statute 554.603
1. Landlord’s name and address for
information provided to you by the
receipt of rent and communications;
Landlord.
and
2. Where Tenant’s security deposit
will be held (name and address of the
financial institution or surety bond
company).
3. Include specific statutory notice of
Tenant’s duty to provide forwarding
address w/in 4 days of move out.
Move Out
Complete a termination inventory
Recommendation: Remove all
(not necessarily the end of the lease)
checklist, noting condition of rental
personal property, clean the rental
Michigan Statute 554.608(5)
unit.
unit; turn in keys.
Within 4 day after move out
Recommendation: Keep a copy of
Provide Landlord in writing (not
Michigan Statute 554.611
Tenant’s forwarding address.
orally) your forwarding address.
Mail to Tenant an itemized list of
Recommendation: Watch for the
Within 30 days after move out
Michigan Statute MCL 554.609
damages, with proper statutory notice
itemized list of damages in the mail.
provision claimed against Tenant’s
security deposit accompanied by a
check or money order for the
difference. Only unpaid rent, unpaid
utility bills, and damages to the rental
unit, beyond reasonable wear and tear
caused by tenant may be claimed
against the deposit (not cleaning fees).
Within 7 days of T’s receipt of L’s
Watch for Tenant’s response to the
Respond in detail, by ordinary mail,
itemized list of damages
itemized list of damages by mail.
indicating agreement or disagreement
Michigan Statute 554.612
to the damages charged.
Be sure to count the days; the date of
mailing is considered the date of
response.
Within 45 days—not thereafter—of
To be entitled to keep the disputed
If suit is filed, appear in court and
move out
amount of security deposit, file suit
defend.
Michigan Statute 554.613
against T for damages—unless an
Note: If suit is not filed, you may
exception applies.
file suit for recovery of your security
deposit.
Rev 12/2009
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