Renters Warehouse Security Deposit Settlement

This is a proposed settlement about allegations that security-deposit deductions included ordinary wear and tear. Renters Warehouse denies wrongdoing. The Court has not yet given final approval.

• The settlement covers people who previously rented or lived at a Minnesota property that Renters Warehouse managed during some part of the tenancy.
• The move-out date must be between May 31, 2019, and July 16, 2024.
• A security deposit must have been paid or required under the rental agreement, and there must have been a deduction from it by or for the property owner.
• The person must not previously have sent Renters Warehouse, the owner, or a court an objection, challenge, lawsuit, or other action disagreeing with the security-deposit charges.
• Someone listed in Renters Warehouse’s records as a tenant may be included even if they did not sign the lease, pay the deposit, or receive its return.

• Renters Warehouse; its officers and directors; their immediate families; and the listed related representatives, entities, insurers, affiliates, and subsidiaries are excluded.
• Government entities and court personnel are excluded.
• A person who otherwise qualifies but makes a valid, timely request to be excluded is also excluded.

The $195,000 is the total fund, not a promised payment amount for each person.

• Renters Warehouse agreed to pay a $195,000 settlement fund.
• Court-approved attorneys’ fees and litigation costs, plus any incentive awards for the class representatives, come out of that fund before class payments are made.
• The notice says Class Counsel plans to seek fees and expenses equal to 33.3% of the total fund and incentive awards of $7,500 for each class representative. The Court will decide whether to approve those requests.

No payment is promised unless the settlement is approved and becomes final.

• You do not need to file a claim form or send supporting documents for the automatic payment described in this notice.
• If the settlement receives final approval, a payment will be mailed if your calculated amount is above $5.
• Payments are directed to the primary contact in Renters Warehouse’s records for the lease. People connected with the same lease are treated as one collective class member.

• The notice does not state a set payment amount for any person.
• The amount depends on the number of class members, the relationship between the total security-deposit deductions and the deposit amount, and the total move-out charges.
• Amounts below $5 will not be issued. Those funds will instead be allocated among class members whose amounts are at least $5.

The hearing date is not a payment date.

• Payment can happen only after the Court approves the settlement and it becomes final.
• The final approval hearing is scheduled for 10:00 a.m. on December 7, 2026.
• Appeals may delay payment, and the notice says they can take a long time to resolve.

• To leave the settlement, mail a letter to the Settlement Administrator that includes your full name, current address, email address, telephone number, a clear statement that you want to be excluded, and your signature.
• The exclusion request must be postmarked by October 30, 2026.
• If you exclude yourself, you will not receive a settlement payment. Leaving is the option that preserves the ability to bring your own lawsuit against Renters Warehouse about the claims covered here.

• Mail a written objection to the Settlement Administrator, postmarked by October 30, 2026.
• The objection must provide the case name and number; your contact information; your reasons and supporting documents, if any; attorney information if you have an attorney; whether you or your attorney plan to attend the hearing; and your signature.
• An objection lets you remain in the settlement while telling the Court what you disagree with. A person who excludes themselves cannot object.

• The hearing is scheduled for 10:00 a.m. on December 7, 2026.
• It will take place in Courtroom 9E at the United States District Court for the District of Minnesota, 300 South Fourth Street, Minneapolis, Minnesota 55415.
• You do not have to attend. You may attend at your own expense, and an objection does not require you to come to court.
• To ask to speak at the hearing, follow the objection instructions. You cannot speak if you excluded yourself.

• If you remain in the settlement, including by doing nothing, you give up the right to bring or continue certain claims against Renters Warehouse and the other released parties concerning issues covered by the settlement.
• You will be bound by the Court’s orders and the settlement’s release of claims if it is approved and becomes final.
• Doing nothing may result in an automatic payment only if the calculated amount is above $5.