This office lease clause states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
Minnesota Clause Providing for the Reduction of the Tenant Security Deposit
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US-OL4A012B
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How to fill out Clause Providing For The Reduction Of The Tenant Security Deposit?
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FAQ
A landlord must not require supporting documentation from a tenant if the tenant's disability or disability-related need for a service or support animal is readily apparent or already known to the landlord.
And a landlord can't charge you a cleaning fee unless the cleaning was for problems or damage that you caused and are more than ?ordinary wear and tear.? A landlord can keep your deposit money for rent, if you moved out without giving proper written notice.
Under Minnesota Statute 504B, your landlord is required to provide you with a dwelling unit that is safe, sanitary, and habitable. If your unit does not meet these requirements, you may have options such as withholding rent or terminating your lease.
Minnesota's security deposit law states that a landlord has 21 days to return the unused portion of the security deposit, and this includes interest. They must also provide an itemized list of the damages, which must be sent by certified mail to the tenant.
Minnesota Statutes § 504B. 173. Security deposits: Minnesota law limits the amount of security deposit a landlord can require to the equivalent of one month's rent for an unfurnished unit, or the equivalent of two month's rent for a furnished unit.
Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution or a trust institution authorized to do business in this State, or the landlord may, at the landlord's option, furnish a bond from an insurance company ...
(2) impose a penalty on a residential tenant for calling for police or emergency assistance in response to domestic abuse or any other conduct. (b) A residential tenant may not waive and a landlord may not require the residential tenant to waive the residential tenant's right to call for police or emergency assistance.
A landlord, an agent, or person acting under the landlord's direction or control who unlawfully and intentionally removes or excludes a tenant from lands or tenements or intentionally interrupts or causes the interruption of electrical, heat, gas, or water services to the tenant with intent to unlawfully remove or ...
