The bill amends the existing law regulating landlord-tenant relationships in Michigan, specifically focusing on the handling of security deposits and the notification process for damages. It requires landlords to send a notice of damages to tenants within 30 days after the termination of occupancy, which must include an itemized list of damages and the estimated repair costs. Additionally, landlords are mandated to provide a check or money order for the difference between the claimed damages and the security deposit unless they opt to use electronic payment methods, in which case the funds must be transferred to the tenant's account within 10 days of sending the notice.

Furthermore, the bill stipulates that the notice of damages must contain a specific statement in boldface type, informing tenants that they must respond within 7 days to avoid forfeiting the claimed amount for damages. This amendment aims to enhance transparency and ensure that tenants are adequately informed of their rights and obligations regarding security deposits and damage claims. The act is set to take immediate effect upon approval.

Statutes affected:
Senate Introduced Bill: 554.609
As Passed by the Senate: 554.609
As Passed by the House: 554.609
Senate Enrolled Bill: 554.609