# Mich. Comp. Laws § 554.602: Security deposit; amount

> Michigan · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.602

## Section

- **Citation:** Mich. Comp. Laws § 554.602
- **Heading:** Security deposit; amount
- **Jurisdiction:** Michigan
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MI Code / Chapter 554 / Act Act-348-of-1972 / Section 554.602

## Text

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

## Nearby sections

- [Mich. Comp. Laws § 554.601 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.601.md)
- [Mich. Comp. Laws § 554.601a Termination of lease; conditions; applicability of section to leases entered into, renewed, or renegotiated after effective date.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.601a.md)
- [Mich. Comp. Laws § 554.601b Tenant under apprehension of danger from domestic violence, sexual assault, or stalking; release from rental payment obligation; written notice; content; documentation; forwarding information; liability of multiple tenants; applicability; remedies against other parties; definitions.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.601b.md)
- [Mich. Comp. Laws § 554.601c Prohibition on the distinction, discrimination, or restriction based on source of income of tenant.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.601c.md)
- [Mich. Comp. Laws § 554.601d Civil action; penalty.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.601d.md)
- [Mich. Comp. Laws § 554.602 Security deposit; amount.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.602.md)
- [Mich. Comp. Laws § 554.603 Security deposit; notice.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.603.md)
- [Mich. Comp. Laws § 554.604 Security deposit, disposition; bond.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.604.md)
- [Mich. Comp. Laws § 554.605 Security deposit as property of tenant.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.605.md)
- [Mich. Comp. Laws § 554.606 Waiving requirements of act.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.606.md)
- [Mich. Comp. Laws § 554.607 Security deposit; permissible uses.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.607.md)
- [Mich. Comp. Laws § 554.608 Inventory checklists.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.608.md)
- [Mich. Comp. Laws § 554.609 Itemized list of damages; check or money order; contents of notice of damages.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.609.md)
- [Mich. Comp. Laws § 554.610 Effect of noncompliance with notice of damages requirement.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.610.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.602. Check the current official text before relying on it. Not legal advice.