LANDLORD AND TENANT RELATIONSHIPS (EXCERPT)
Act 348 of 1972
554.602 Security deposit; amount.
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