Escolar Documentos
Profissional Documentos
Cultura Documentos
Some law changes have gone into effect recently that impact you as a
landlord here in Minnesota. Renters Warehouse wants to make sure your
practices are in compliance with the following:
Income - Income from valid sources must be sufficient to pay the applicant’s
rent and other predictable living expenses. To be counted as household
income, amounts must be verifiable, reliable, and predictable.
Abandoned Property
If a resident abandons personal property, a landlord must only retain the
property for 28 days. A 14 day notice to the resident before disposing of the
property is required ONLY if the landlord plans to sell the property. If the
landlord elects to discard or do anything other than sell the property, no
notice is required by state law.
Late Fees
Late fees for failing to pay rent on time are now limited to 8% of the overdue
rent payment. The only exception to this is if a federal statute, regulation, or
handbook provides for federally subsidized properties to charge late fees that
conflict with the 8% limitation.
Attorney Fees
Residential leases that contain a provision providing that management may
collect attorney fees from the resident will now be construed to provide
residents the right to collect attorney fees if successful in a legal action.
Resident collection of attorney fees will be limited to the same type of action,
circumstances, and to the same extent that management would be allowed
to collect from the resident under the lease.