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LANDLORD AND TENANT RELATIONSHIPS (EXCERPT)
Act 348 of 1972
554.602 Security deposit; amount.
Sec. 2.
A landlord may require a security deposit for each rental unit. A security deposit shall be required and maintained in accordance with the terms of this act and shall not exceed 1 1/2 months' rent.
History: 1972, Act 348, Eff. Apr. 1, 1973
Popular Name: Landlord-Tenant Act
© 2009 Legislative Council, State of Michigan
