# Minnesota

## Security deposit laws

Minnesota security deposit laws are detailed under the [Minnesota Statutes, Chapter 504B](https://www.revisor.mn.gov/statutes/cite/504B). These laws provide clear guidelines on how landlords must handle security deposits, ensuring both landlords and tenants are aware of their rights and responsibilities under Minnesota law. Please note that rules and regulations may vary by municipality.

### Deposit Limit
- No Limit

### Days to Return
- 21 Days

### Interest Payments
- Required

### Holding Restrictions
- Yes

## Collecting & Holding

### Security Deposit Amount
Minnesota state law does not set a security deposit limit.

### Options for Holding
Must be held for the tenant and shall bear simple non-compounded interest at the rate of one percent per annum.

### Notification Requirements
Minnesota state law does not impose any notification requirements on landlords regarding where the security deposit is held.

### Payment of Interest Earned
Interest earned at 1% per annum due within 3 weeks of the end of tenancy or within 5 days of the date when the tenant leaves the building or dwelling due to the legal condemnation of the building or dwelling.

## Returning

### Timeline for Returning
The security deposit must be returned to the tenant within 21 days after the end of the lease term or after the tenant vacates the property, whichever is later. If the landlord retains part of the deposit, they must provide an itemized statement detailing the reasons for any deductions.

### Claims Process
If the landlord withholds any portion of the security deposit for damages or unpaid rent, they must provide an itemized statement of deductions along with the remaining deposit. The itemized statement must be sent to the tenant's last known address.

## Permissible Deductions
Minnesota landlords may deduct amounts from the security deposit for:

- Unpaid rent
- Damage to the property beyond normal wear and tear
- Cleaning costs required to return the property to its original condition (beyond normal wear and tear)
- Any other charges specified in the lease agreement that are legally permissible

## Penalties
If a landlord fails to comply with the requirements for returning the security deposit or providing an itemized statement, the tenant may sue for the amount of the deposit plus any damages caused by the landlord’s failure to comply. If the tenant prevails in court, they may be awarded the amount wrongfully withheld plus damages up to twice the amount of the deposit.

## Special Circumstances
**Abandoned Property:** If a tenant abandons the property, the landlord is still required to follow the rules for returning the security deposit and providing an itemized statement. However, if the tenant does not provide a forwarding address, the landlord may send the deposit and the itemized statement to the last known address.

**DISCLAIMER:** Security deposit laws may vary by county or municipality. The information provided is for general informational purposes only and should not be construed as legal advice. It is not a substitute for consultation with a qualified attorney. While we strive to provide accurate and up-to-date information, we make no guarantees or warranties regarding the accuracy, completeness, or reliability of the information presented.