Property Management
Under Michigan law, a landlord who receives a security deposit must give the tenant:
AA verbal receipt within 7 days
BA written receipt and an inventory checklist of the property's condition within 7 days✓ Correct
CA certified check for the same amount
DA statement of how the deposit will be invested
Explanation
Michigan's Security Deposit Act requires landlords to give tenants a written receipt for the deposit and an itemized written inventory of the property's condition within 7 days of the tenancy beginning.
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