Landlord Tenant Closing Statement to Reconcile Security Deposit - Michigan: Fill out & sign online

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Is it a tenants responsibility to paint?

Tenants are usually not obligated to paint the property. This often falls under the lessors responsibility and their personal preference. Tenants are only expected to keep the property in a similar condition to when it was first turned over to them.

Are cleaning fees legal in Michigan?

In Michigan, a landlord is allowed to charge a cleaning fee but only insofar as necessary to bring the unit to the state it was in when the tenant moved in. Beyond that, the landlord can only charge cleaning costs against the security deposit if the rental agreement allows doing so.

Can a landlord charge you for cleaning after you move out?

A landlord can typically charge a tenant for cleaning needed to return the property to the condition at the time the tenant moved in. But, a landlord can not charge the tenant extra or use the security deposit to pay for normal wear and tear.

How is security deposit shown in balance sheet?

Because the security deposit is not considered rental income it does not appear on the income statement or net cash flow reports. Instead, the deposit is shown on the rental property balance sheet in the security deposit category.

What can a landlord deduct from security deposit in Pennsylvania?

Landlords in Pennsylvania can only deduct money from your security deposit for damages to the property, unpaid rent, or the bdocHub of a lease. If they do keep any of your security deposit, they have to give you a list of the deductions, as well as the cost of the repairs.

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