Security Deposit Michigan

Michigan Letter from Landlord to Tenant Returning security deposit less deductions
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State:
Michigan
Control #:
MI-1065LT
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Description

This is a letter informing Tenant that Landlord has deducted from the deposit the amounts itemized which are amounts either reasonably necessary to remedy default in the payment of rent, to repair damages to the premises caused by tenant, to clean such premises upon termination of the tenancy, or for other reasonable and necessary expenses incurred as the result of the tenant's occupancy.

A security deposit is a payment required by a landlord from a tenant to cover the expenses of any repairs of damages to the premises greater than normal "wear and tear." Everyday usage is normal wear and tear, but excess damage is a debated definition. A security deposit is not the same as rent. It is money that actually belongs to the tenant but is held by the landlord for tenant-caused damages and sometimes past-due rent. Without the agreement of the landlord, a security deposit may not legally be used as the last month's rent.

Laws vary by state, but some states place a limit on the amount of a security deposit that a landlord may charge. Some states also regulate where residential security deposits must be kept and when interest payments on the security deposits must be made to the tenant. State laws also define the time period after the tenant vacates within which the deposit must be returned to the tenant.

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FAQ

How do I fight my landlords deposit back?

What can I deduct from my tenants deposit?

What can I deduct from tenants security deposit?

What reasons can a landlord keep my deposit?

How do you write a refund letter?

How do I write application for refund of security money?

How do you write a security deposit check?

How do I write a security refund letter?

How do you politely ask for a deposit back?

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