A Detailed Discussion of Minn. Stat. § 504B.178 and Minnesota Residential Security Deposits

On March 29, 2021 I gave a CLE seminar entitled “Almost Everything You Wanted to Know About Minnesota Residential Security Deposits.” No doubt the title exaggerated the seminar’s value. However, the seminar did provide a considerable number of useful legal citations and (I think) some helpful detailed discussion of security-deposit law and of Minn. Stat. § 504B.178, the state’s security-deposit statute.

The essay was edited on 3/23/2022. The discussion of “other funds due to the landlord pursuant to an agreement” was expanded.

This blog post presents that same material in essay form. It includes some extra material, including some additional citations to statutes & case law plus expanded discussions of tax issues, the “fiduciary” clause in Minn. Stat. § 504B.178, subd. 2, and Minn. Stat. § 504B.178, subd. 4. It is available here in Word and here in PDF. The Word version includes hyperlinks to all the cited statutes, cases, regulations, and IRS materials. Some of the cited materials are also available in these Appendices.

The same CLE is now available (as a recording) as an On-Demand CLE via this webpage of the Hennepin County Bar Association, https://www.mnbar.org/ProductCatalog/Product?ID=4649. It has been approved for 1.0 hour of standard CLE credit by the Minnesota State Board of Continuing Legal Education and is assigned the Event Code 347211.

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