The itemized statement Minnesota requires when you keep any part of a deposit — due within 21 days under Minn. Stat. § 504B.178 — generated from the deposit settlement in your ledger, with every deduction, the refund, the interest and the statute already in it.
Pick the situation; the rule on each card is Minnesota's statutory minimum — your lease can be more generous to the tenant, never less.
Minn. Stat. § 504B.17821 days (three weeks) (Minn. Stat. § 504B.178).
Unpaid rent and charges the lease allows, and damage beyond normal wear and tear. Not routine cleaning, repainting, or carpet wear from ordinary use. Each deduction must be itemized.
No — Minnesota sets no statutory maximum on a residential security deposit; the lease sets the amount.
Yes, 1% simple interest.
The statement shows the balance owed and the tenant is liable for it. The in-app settlement posts the difference to accounts receivable so it is not forgotten.
Minnesota landlord-tenant laws · Minnesota lease template · Deposit return letters for all 50 states
Deductions, refund, deadline and the statute filled in from your ledger. Free.
Deadlines and rules are Minnesota's statutory minimums as of 2026, reviewed against Minnesota Statutes, Chapter 504B (Landlord and Tenant). General information for landlords, not legal advice; local ordinances can add requirements.