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Last updated: April 2026Researched by DepositHawk Research Team

Michigan Does Not Require Deposit Interest

Michigan landlords are not required to pay interest on your security deposit. But that does not mean they can do whatever they want with it.

Michigan does not require landlords to pay interest on security deposits. However, landlords must return the deposit within 30 days of move-out under M.C.L. § 554.602.

M.C.L. § 554.602

Your Rights

What Your Michigan Landlord Does Owe You

Interest or not, Michigan law gives you real protections on your security deposit:

  • 30-day return deadline. Your landlord has 30 days after you move out to return your deposit or provide an accounting of deductions.
  • Itemized statement required. Your landlord cannot just keep part of your deposit — they must provide a written, itemized list of every deduction and its amount within 30 days.
  • Penalties for violations. If your landlord misses the deadline or makes illegal deductions, Michigan courts can award you up to 2x the wrongfully withheld amount.

Michigan landlords must return security deposits within 30 days of move-out under M.C.L. § 554.602. Violations can result in up to 2x the wrongfully withheld amount.

M.C.L. § 554.602

Full State Law

Michigan Security Deposit Law — Full Breakdown

Return deadlines, allowed deductions, penalty multipliers, small claims limits — everything you need to know about Michigan deposit law is on one page. Read the full Michigan security deposit law breakdown.

Frequently Asked Questions

Frequently Asked Questions

Does Michigan require landlords to pay interest on security deposits?

No. Michigan does not require landlords to pay interest on security deposits. However, your landlord must still return your deposit within 30 days of move-out under M.C.L. § 554.602.

What is my landlord required to do with my deposit in Michigan?

Your Michigan landlord must return your deposit within 30 days after you move out. They must provide an itemized statement listing any deductions. Failure to comply can result in penalties.

What happens if my Michigan landlord keeps my deposit?

If your landlord fails to return your deposit within 30 days, you can sue in small claims court for up to 2x the wrongfully withheld amount. Michigan small claims courts handle cases up to $6,000.

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DepositHawk is not a law firm and does not provide legal advice. Information and documents are for informational purposes only. No attorney-client relationship is created. Consult a licensed attorney for advice specific to your situation.