Property Management
Under Minnesota law, what is the maximum security deposit a landlord may charge for a residential rental?
AOne month's rent
BTwo months' rent
CThree months' rent
DThere is no statutory maximum✓ Correct
Explanation
Minnesota does not set a statutory maximum amount for security deposits on residential rental property (unlike many other states). However, the deposit must be returned (with interest if held more than one year) within 21 days of tenancy termination, with an itemized statement of any deductions.
Related Minnesota Property Management Questions
- A Minnesota property manager signs a lease on behalf of an owner who is out of the country. For this to be legally binding, the manager must have:
- In Minnesota, a gross lease requires the tenant to pay:
- In Minnesota, a landlord who performs a self-help eviction (changing locks, removing belongings, or shutting off utilities to force the tenant out) is:
- A Minnesota property manager's management agreement has expired. The property owner has not signed a renewal. The manager continues to collect rents for another month. This creates:
- In Minnesota, a property manager who discriminates in tenant selection based on a protected class violates:
- A Minnesota commercial property manager receives a request from a tenant to sublease their space for the final 18 months of a 5-year lease. The lease is silent on subleasing. Under Minnesota commercial lease law:
- A Minnesota landlord wants to convert their rental property to a condominium. Under Minnesota's Condominium Act, existing tenants must receive:
- In Minnesota, a 'holdover tenant' who remains in the rental unit after the lease expires without the landlord's agreement is treated as:
Practice More Minnesota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Minnesota Quiz →