# Mich. Comp. Laws § 554.603: Security deposit; notice

> Michigan · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.603

## Section

- **Citation:** Mich. Comp. Laws § 554.603
- **Heading:** Security deposit; notice
- **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 554.603

## Text

Sec. 3.

A landlord shall not require a security deposit unless he notifies the tenant no later than 14 days from the date a tenant assumes possession in a written instrument of the landlord's name and address for receipt of communications under this act, the name and address of the financial institution or surety required by section 4 and the tenant's obligation to provide in writing a forwarding mailing address to the landlord within 4 days after termination of occupancy. The notice shall include the following statement in 12 point boldface type which is at least 4 points larger than the body of the notice or lease agreement: "You must notify your landlord in writing within 4 days after you move of a forwarding address where you can be reached and where you will receive mail; otherwise your landlord shall be relieved of sending you an itemized list of damages and the penalties adherent to that failure." Failure to provide the information relieves the tenant of his obligation relative to notification of the landlord of his forwarding mailing address.

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)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MI_C554_AAct-348-of-1972_S554.603. Check the current official text before relying on it. Not legal advice.