Michigan · Deposit receipt · Free to generate and download
Michigan Security Deposit Receipt
Record that a security deposit was received on a Michigan rental. Unused deposit is generally due within 30 days (Mich. Comp. Laws § 554.602). This receipt is not the itemized accounting due at move-out.
- Usual return clock: 30 days.
- Ordinary wear and tear is not deductible.
- Ask for a written forwarding address before move-out.
Related Michigan documents
- Michigan Residential Lease Agreement. A fixed-term residential rental contract built around the property’s state rules.
- Michigan Move-In Condition Checklist. A condition inventory completed at move-in. It is not a lease.
- Michigan Security Deposit Itemization. A written accounting of deposit deductions and any refund due after move-out.
- Michigan Rent Receipt. A written record that rent was paid for a stated period. It is not a lease and not a waiver of other amounts still due.
Frequently asked questions
Plain-language answers about Michigan deposit receipt papers. LeaseGen.io is not a law firm. Confirm current statutes before anyone signs.
- What is a security deposit receipt in Michigan?
- It records that deposit money was received, the amount, and the property. A security deposit generally may not exceed one and a half months’ rent (Mich. Comp. Laws § 554.602). Give the statutory inventory checklist at move-in. Unused deposit plus an itemized list is generally due within 30 days after the tenant vacates (§ 554.609).
- Is the receipt the move-out accounting?
- No. At move-out you still owe an itemized list of deductions and any refund within 30 days, to the extent Michigan law requires.
- What is the deposit cap in Michigan?
- 1.5× rent