Review the 1% interest owed on each security deposit. Minnesota security deposits earn 1 percent simple, noncompounded interest from the first day of the month after the deposit is paid in full, and that interest must go back to the tenant with the deposit, or be accounted for on the written statement of deductions, within three weeks after the tenancy ends, so a yearly review of each deposit keeps the move-out refund accurate.
The Minnesota rule
Each rule shows its schedule, its primary sources, and the date it was last verified.
Related rules in Minnesota
The Minnesota guide lists every compliance obligation, the seasonal maintenance calendar, and baseline upkeep.
Open the Minnesota landlord guide · Security deposit interest in every state
What Landautomate does with this page
This guide is the reading version of the Landautomate Minnesota rule base. In the app, the same rules become dated tasks on each Minnesota property, timed to its purchase date, lease dates, age, and climate, with an email before each one is due. The free preview shows a sample of that schedule for Minnesota in under a minute, no account needed.
See this calendar built for your own property
The free preview takes a state and a few property facts and shows the schedule Landautomate would run, no account needed. Every new account starts with a 30-day free Pro trial, no card required.