Minnesota Security Deposit Laws
Minnesota requires landlords to pay 1% annual simple interest on security deposits and return them within 21 days with itemized deductions.
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Key Rules
- Limit
- No statutory cap
- Return Deadline
- 21 days after tenancy ends and tenant provides forwarding address
- Interest Required
- Yes — 1% simple interest per year
- Itemization Required
- Yes — written itemized statement required
- Penalty For Wrongful Withholding
- Landlord liable for double the wrongfully withheld amount plus interest and attorney fees
Applicable Statutes
Security deposit return: no statutory cap on deposits. Landlord must return deposit within 21 days after tenancy ends and tenant provides forwarding address, with itemized deductions.
Minn. Stat. § 504B.178(b)
Interest on security deposits: landlord must pay interest on deposits at a rate of one percent simple per year.
Legal Aid Resources
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Not Legal Advice. This site provides general educational information only — not legal counsel. Laws vary by location. Consult a qualified attorney for advice on your specific situation.