Landlord Guide
MN - Updated 2025
Minnesota Landlord Security Deposit Guide
Everything Minnesota landlords need to know about collecting, holding, and returning security deposits legally.
Max Deposit
No limit
Return Deadline
21 days
Separate Account
Not Required
Interest
Required
Minnesota Landlord Checklist
Collecting
- Maximum: No limit
- Provide written receipt
- Document move-in condition
- Take dated photos
Deducting
- Only for damage (not wear)
- Keep repair receipts
- Get multiple quotes
- Itemize all deductions
- Document with photos
Returning
- Deadline: 21 days
- Include itemized statement
- Include required interest
- Mail to forwarding address
- Keep proof of mailing
Penalty for Non-Compliance: Bad faith = 2x deposit
If you fail to return the deposit or itemized statement within 21 days, or wrongfully withhold the deposit, you may face:
- Bad faith = 2x deposit
- Payment of tenant's attorney fees
- Court costs if tenant sues
- Loss of right to make deductions
Create Minnesota Security Deposit Documents
Generate compliant deposit receipts, inspection forms, and deduction letters.