Michigan landlord-tenant law
Security deposits, late fees and notice periods for Michigan landlords, in plain English, with a link to the statute for each rule.
Security deposit limit
1½ months' rent.
Deposit return deadline
30 days after move-out, with an itemized list of damages sent to the tenant's forwarding address.
Late fees
No statutory cap; must be in the lease and reasonable.
Notice for unpaid rent
7-day demand for possession for nonpayment.
Ending a month-to-month lease
At least one full rental period (usually 30 days).
Rent increases
No state rent control. Follow the lease.
Sources
Tools for Michigan landlords
Rent increase calculator
New rent plus Michigan notice rules.
Prorated rent
Partial-month rent for move-ins and move-outs.
Rental property calculator
Cash flow, cap rate and cash-on-cash return.
Michigan housing market
Typical home $264K, median city rent $1,534/mo.
Detroit, MI
$264K home$1,514 rent6.9% yield
▲ 1.8% 1 yr
Grand Rapids, MI
$356K home$1,614 rent5.4% yield
▲ 4.9% 1 yr
Lansing, MI
$246K home$1,302 rent6.3% yield
▲ 3.6% 1 yr
Flint, MI
$196K home$1,041 rent6.4% yield
▲ 4.1% 1 yr
Ann Arbor, MI
$412K home$1,917 rent5.6% yield
▲ 2.4% 1 yr
Kalamazoo, MI
$274K home$1,287 rent5.6% yield
▲ 4.4% 1 yr
Saginaw, MI
$175K home$1,055 rent7.2% yield
▲ 5.4% 1 yr
Muskegon, MI
$255K home$1,288 rent6.1% yield
▲ 4.3% 1 yr
General information, not legal advice. Laws change, and cities and counties can add their own rules. Check the statute or a local attorney before acting.