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LANDLORD AND TENANT RELATIONSHIPS
AN ACT to regulate relationships between landlords and tenants
relative to rental agreements for rental units; to regulate the
payment, repayment, use and investment of security deposits; to
provide for commencement and termination inventories of rental
units; to provide for termination arrangements relative to rental
units; to provide for legal remedies; and to provide penalties.
A
security deposit, or damage deposit, is money, beyond your first
month’s rent, that you have to pay your landlord when you move
in. Your landlord holds this money as long as you reside in the
unit. When you move out and if you have paid all your rent and
utility bills and you have not damaged the unit, the landlord is
to return this money. For more on Damages, see the Normal
Wear and Tear Guide
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more on: Michigan
Security Deposits
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