Allows landlords to return security deposits to tenants via electronic transfer.
This bill amends Michigan's landlord-tenant law to allow landlords to return security deposits to tenants through electronic transfer, such as direct deposit or transfer to a bank or payment account. Previously, landlords had to return the deposit via check or money order. The notice of damages must still include an itemized list of claimed damages and a warning that tenants must respond within 7 days or forfeit the claimed amount.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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