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Security Deposits in Minnesota Form

Security Deposits in Minnesota Form

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three things that every landlord should know about tenant security deposits first you're only allowed to deduct for normal wear and tear for example if you have tenants that are moving out knocking holes in the walls that's not normal wear and tear you're allowed to deduct for that number two you have 30 days from the date the tenant gives you a foring address to send the security deposit back to the tenant that begins after the tenant surrenders possession of the property and has provided you a foring address for that security deposit three you don't actually have to have quotes when you're providing an accounting statement for deductions that are not normal wear and tear if you've got a hole in the wall you don't need to call a vendor or contractor out give an actual bid to repair that hole in the wall you still have an obligation to accurately estimate what the real repair cost would be

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