Minnesota Residential Lease Agreement
Minnesota sets no statutory security deposit cap but requires return with interest within 21 days. Free lease template with Minn. Stat. 504B disclosures. Attorney review available.
Introduction
A residential lease agreement is a legally binding contract that sets the terms under which a tenant rents a landlord's residential property, covering the rent, the length of the tenancy, the security deposit, each party's responsibilities, and how the tenancy can end. In Minnesota, leases are governed by Minnesota Statutes Chapter 504B, the Landlord and Tenant chapter. Minnesota sets no statutory dollar or months-of-rent cap on a security deposit, but a landlord must hold it and pay simple noncompounded interest at one percent per year, then either return the deposit with interest or send a written itemized statement of deductions within three weeks (21 days) after the tenancy ends, or five days if the tenant leaves because the unit was legally condemned (Minn. Stat. 504B.178). Before the tenancy begins, the landlord must disclose in writing the name and address of the person authorized to manage the premises and the person authorized to accept legal notices (Minn. Stat. 504B.181), and must disclose any outstanding code-violation or condemnation orders affecting health or safety before the tenant signs the lease or pays rent or a deposit (Minn. Stat. 504B.195). A landlord may enter only for a reasonable business purpose and must make a good-faith effort to give at least 24 hours advance notice (Minn. Stat. 504B.211). Attorney review is available as an option before you sign.
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Key Things to Know
- 1
A residential lease agreement is a written contract in which a tenant pays rent to occupy a landlord's property for a set period, spelling out rent, deposit, duties, and how the tenancy ends.
- 2
Minnesota sets no statutory cap on a security deposit amount, but the landlord must pay simple noncompounded interest of one percent per year on it (Minn. Stat. 504B.178).
- 3
The deposit, with interest, or a written itemized statement of any withholding, is due within three weeks (21 days) after the tenancy ends, or five days if the unit is legally condemned (Minn. Stat. 504B.178).
- 4
Before the tenancy starts, the landlord must disclose in writing the manager's name and address and who is authorized to accept legal notices (Minn. Stat. 504B.181), plus any outstanding health or safety code-violation and condemnation orders (Minn. Stat. 504B.195).
- 5
A landlord may enter only for a reasonable business purpose and must give a good-faith minimum of 24 hours notice, generally between 8 a.m. and 8 p.m. (Minn. Stat. 504B.211).
- 6
A late fee requires a written agreement specifying when it applies and may never exceed 8 percent of the overdue rent payment (Minn. Stat. 504B.177); the statute sets no separate grace period.
- 7
Minnesota prohibits statewide rent control; a city, county, or town may adopt rent control only if voters approve it in a general election, which is how St. Paul's ordinance came about (Minn. Stat. 471.9996). Month-to-month (tenancy-at-will) termination notice must be at least as long as the interval between rent due dates or three months, whichever is less (Minn. Stat. 504B.135).
Key decisions before you file
Before you file a Residential Lease Agreement in Minnesota, a few decisions shape the document: which option to choose and what each one means. The Residential Lease Agreement guide walks through them.
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Minnesota Requirements for Residential Lease Agreement
No Statutory Security Deposit Cap, But Interest Is Owed
Minnesota sets no statutory dollar or months-of-rent cap on a security deposit. Whatever amount the landlord collects must bear simple noncompounded interest at one percent per year (Minn. Stat. 504B.178).
Return the Deposit or Itemize Deductions Within 21 Days
Within three weeks (21 days) after the tenancy ends, five days if the tenant leaves due to legal condemnation, the landlord must return the deposit with interest or furnish a written statement itemizing (breaking down item by item) any withheld amount (Minn. Stat. 504B.178).
Disclose the Property Manager and Notice Contact
Before the tenancy begins, the landlord must disclose in writing the name and address of the person authorized to manage the premises and the person authorized to accept legal notices and demands (Minn. Stat. 504B.181).
Disclose Outstanding Inspection or Condemnation Orders
Before a tenant signs the lease or pays rent or a deposit, the landlord must disclose any outstanding code-violation citations or condemnation orders affecting the unit's health or safety (Minn. Stat. 504B.195).
Give 24-Hour Entry Notice for a Reasonable Business Purpose
A landlord may enter the rented premises only for a reasonable business purpose and must make a good-faith effort to give the tenant at least 24 hours advance notice of intent to enter, generally between 8 a.m. and 8 p.m. (Minn. Stat. 504B.211).
Late Fees Require a Written Agreement and Cap at 8 Percent
A landlord may not charge a late fee unless the tenant and landlord agreed to one in writing that states when it applies. Even then, the late fee can never exceed 8 percent of the overdue rent payment (Minn. Stat. 504B.177).
Month-to-Month Notice Follows the Tenancy-at-Will Rule
Either party may end a month-to-month (tenancy-at-will) lease by giving written notice at least as long as the interval between rent due dates, or three months, whichever is less; Minnesota applies this same interval to rent-increase notice, since no separate statute governs it (Minn. Stat. 504B.135).
No Statewide Rent Control; Habitability Covenants Cannot Be Waived
Minnesota prohibits statewide rent control; a city, county, or town may adopt it only if approved by voters in a general election, which is how St. Paul's ordinance was enacted (Minn. Stat. 471.9996). Separately, the implied covenants of habitability, that the unit is fit for use and kept in reasonable repair, may never be waived in the lease (Minn. Stat. 504B.161).