TEMPLATE

Michigan security deposit statement template

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Your Michigan security deposit statement has 5 rules to meet. ReportDraft puts every one on your checklist and checks your draft before you sign.

  • The notice of damages mailed within 30 days
  • The balance by check, money order or electronic transfer within 10 days
  • The 7-day response warning in large bold type

A security deposit statement template set up for Michigan. In Word and PDF.

See a free preview filled from sample notes

REPORTDRAFT.COM
Michigan Security deposit statement Template
Landlord or property manager
Tenant names
Rental unit address
Tenant's forwarding address
Date the tenant moved out
Date of this statement
Security deposit held
Download in Word or PDFIncluded with ReportDraft Landlord and its free trial.

Michigan rules for this report

These rules are about how and when you report, not the template's fields. Check them before you deliver.

  • Within 30 days after the occupancy ends, the landlord mails a notice of damages with an itemized list of the damages claimed, the estimated cost of repairing each item, and the amounts and bases of the charges, leaving out any damage claimed on a termination checklist before this tenant moved inMichigan Compiled Laws s. 554.609 (1) and (2)
  • The notice of damages is accompanied by a check or money order for the difference between the damages claimed and the deposit held; since September 21, 2026 the landlord may instead send that amount by direct deposit or electronic transfer, made within 10 days after mailing the noticeMichigan Compiled Laws s. 554.609 (2) and (3)
  • The notice of damages includes this statement in 12 point boldface type at least 4 points larger than the body of the notice: "You must respond to this notice by mail within 7 days after receipt of the notice of damages, otherwise you will forfeit the amount claimed for damages."Michigan Compiled Laws s. 554.609 (4)
  • The tenant gives the landlord a forwarding address in writing within 4 days after moving out; if they do not, the landlord does not have to send the notice of damagesMichigan Compiled Laws s. 554.611
  • Within 45 days after the occupancy ends, the landlord either sues for the damages claimed or returns the balance of the deposit; failing to comply waives the claimed damages and can cost double the deposit keptMichigan Compiled Laws s. 554.613
  • A landlord who does not send the notice of damages within the 30 days is treated as agreeing that no damages are due, and returns the full depositMichigan Compiled Laws s. 554.610
  • The landlord uses inventory checklists at both the start and the end of the occupancy of each rental unit that has a security deposit, detailing the condition of the unitMichigan Compiled Laws s. 554.608 (1)

What is in it

  • Itemized deductionsDeduction, Why it is charged, Supported by, Amount
  • Move-out conditionTwo to four sentences from the notes on the unit's condition at move-out compared with move-in, including anything noted as normal wear and tear and not charged, and photos if the notes mention them. Never state amounts.
  • Refund and questionsHow the refund is paid or the balance should be paid, and where (from the notes, such as a check mailed to the forwarding address), and that the tenant may contact the landlord with questions. Never state amounts: the accounting table shows them.

Rules last reviewed October 23, 2026. Read the full Michigan security deposit statement requirements.