as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to landlords and tenants; regulating the 1.3 taking of prelease deposits; providing for a civil 1.4 penalty; proposing coding for new law in Minnesota 1.5 Statutes, chapter 504. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. [504.38] [PRELEASE DEPOSIT.] 1.8 Subdivision 1. [DEFINITION.] For the purpose of this 1.9 section, "prelease deposit" means money given to a landlord from 1.10 a prospective tenant of a residential dwelling unit as a 1.11 condition of the landlord's refusing to consider other 1.12 prospective tenants for the same unit, but before a lease has 1.13 been agreed to. 1.14 Subd. 2. [LIMITATIONS.] A landlord may not accept a 1.15 prelease deposit from a prospective tenant if the monthly rent 1.16 on a dwelling unit is less than $800. If the rent on a dwelling 1.17 unit is over $800, a prelease deposit may be required if the 1.18 prelease deposit is required in a written agreement that 1.19 includes: 1.20 (1) the circumstances under which it will be returned; 1.21 (2) when it will be returned; and 1.22 (3) the means available for resolving a dispute, including 1.23 the remedies provided in subdivision 3. 1.24 Subd. 3. [REMEDIES.] In addition to any other remedies, a 1.25 landlord who violates this section is liable to the payor of the 2.1 prelease deposit for twice the amount of the deposit paid, plus 2.2 costs and reasonable attorney fees.