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Minnesota Security Deposit Laws

Minnesota Security Deposit Limit

There is no state statute referencing a limit on security deposits.

Deadline for Returning Security Deposit

The security deposit must be returned within three weeks after the tenant has surrendered the rental property and provided the landlord a forwarding address. If the tenant must leave due to the building being condemned, then the deposit must be returned within 5 days. Landlords must also pay 1% simple noncompounded interest on the security deposit per year.