TEMPLATE

Minnesota security deposit statement template

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Your Minnesota security deposit statement has one rule to meet. ReportDraft puts it on your checklist and checks your draft before you sign.

  • The three-week return or written statement of specific reasons

A security deposit statement template set up for Minnesota, with fields for the date you received the tenant's mailing address. In Word and PDF.

See a free preview filled from sample notes

REPORTDRAFT.COM
Minnesota Security deposit statement Template
Landlord or property manager
Tenant names
Rental unit address
Tenant's forwarding address
Date the tenant moved out
Date of this statement
Security deposit held
Date you received the tenant's mailing address
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Minnesota rules for this report

These rules are about how and when you report, not the template's fields. Check them before you deliver.

  • Within three weeks after the tenancy ends, and after receiving the tenant's mailing address or delivery instructions, the landlord returns the deposit with interest or gives a written statement showing the specific reason for withholding any of itMinn. Stat. s. 504B.178, subd. 3 (a)
  • The landlord may withhold only amounts reasonably necessary to cover rent or other money due under an agreement, or to restore the premises to their condition at the start of the tenancy, ordinary wear and tear excepted; in a dispute the landlord must prove the reasonMinn. Stat. s. 504B.178, subd. 3 (b) and (c)
  • Bad-faith retention adds punitive damages of up to 500 dollars per deposit, and retention is presumed to be in bad faith if the landlord missed the three-week rule and does not return the deposit within two weeks after a suit beginsMinn. Stat. s. 504B.178, subd. 7
  • A landlord who does not give the inspection notices, or does not carry out a requested initial or move-out inspection, owes the tenant a penalty equal to the part of the deposit withheld plus interest, on top of returning what was wrongly withheldMinn. Stat. s. 504B.178, subd. 4 (4)
  • On the tenant's request, the landlord or agent makes the move-out inspection at a reasonable time no earlier than five days before the tenancy ends or the tenant plans to vacate, so the tenant can remedy identified deficiencies and avoid deductions; if the tenant does not request one, the landlord's duty is dischargedMinn. Stat. s. 504B.182, subd. 2

What is in it

  • Itemized deductionsDeduction, Why it is charged, Supported by, Amount
  • Move-out conditionTwo to four sentences from the notes on the unit's condition at move-out compared with move-in, including anything noted as normal wear and tear and not charged, and photos if the notes mention them. Never state amounts.
  • Refund and questionsHow the refund is paid or the balance should be paid, and where (from the notes, such as a check mailed to the forwarding address), and that the tenant may contact the landlord with questions. Never state amounts: the accounting table shows them.

Rules last reviewed October 23, 2026. Read the full Minnesota security deposit statement requirements.