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MN HF1443
Bill
Status
Introduced
4/11/2011
Primary Sponsor
Peggy Scott
Click for details
AI Summary
- Clarifies foreclosure tenant protections apply specifically to residential real property and dwellings in Minnesota Statutes section 504B.285, subdivision 1a
- Requires immediate successors in foreclosed residential properties to provide 90 days' written notice to vacate to tenants with leases begun after mortgage execution but before redemption expiration
- Allows tenants to remain through lease expiration if the lease term extends more than 90 days beyond redemption expiration, unless the new owner or purchaser will occupy as primary residence
- Defines "bona fide lease" as one not involving mortgagor family members, resulting from arm's-length transaction, and requiring fair market rent or federally/state/locally subsidized rent
- Applies protections to Section 8 Housing Act tenancies with same 90-day notice requirements, with exception for owner-occupancy situations
Legislative Description
Foreclosure provisions for residential tenants application clarified.
Last Action
HF indefinitely postponed
5/13/2011
Committee Referrals
Civil Law4/11/2011
Full Bill Text
No bill text available