Security deposits in Wyoming follow Michigan statute. MCL 554.602 caps the deposit at 1.5 times one month's rent. MCL 554.603 requires written notice of where the deposit is held. MCL 554.609 requires return or itemized notice within 30 days of vacancy.
Michigan's Landlord and Tenant Relationships Act (Public Act 348 of 1972, MCL 554.601 to 554.616) sets uniform security-deposit rules that apply to every Wyoming rental. MCL 554.602 caps the deposit at 1.5 times one month's rent. MCL 554.603 requires the landlord at move-in to give written notice of the landlord's name and address, the financial institution holding the deposit, and the tenant's duty to give a forwarding address. Deposits must sit in a regulated financial institution or be covered by a surety bond filed with the Secretary of State under MCL 554.604. MCL 554.609 requires the landlord, within 30 days of termination of occupancy, to return the deposit or send an itemized list of damages with any balance; failure to do so forfeits the right to make deductions under MCL 554.613. The tenant must provide a forwarding address within 4 days of vacating under MCL 554.611.
Charging more than 1.5 months' rent, failing the move-in notice under MCL 554.603, missing the 30-day return-or-itemize deadline under MCL 554.609, or wrongfully withholding violates the Act. Tenants may recover double damages plus court costs under MCL 554.613 in the 62-A District Court.
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