Site: nolo.com
... must give tenant a credit for any deposit held by the landlord that exceeds 1 month’s rent). ... Tenant may offer to supply a surety bond in lieu of or in conjunction with a deposit, which landlord ... Landlords may offer to let tenants pay a nonrefundable, recurring fee in place of a security deposit. ... Landlords must give fee-paying tenants a written disclosure that includes, among other provisions, that ... §§ 118A.240 to 118A.250
3 months’ rent; if both landlord and tenant agree, tenant may ...