MN HF1515

Limits late fees on residential rent to 8 percent of overdue rent payment and requires written agreement between landlord and tenant specifying when late fees will be imposed.

Allows landlords with federally subsidized tenancies to implement late fee schedules complying with federal statutes, regulations, or handbooks that may conflict with state law limits.

Extends the deadline for eviction actions involving tenants in foreclosed residential properties from December 31, 2012 to December 31, 2014, requiring 90 days' written notice to vacate.

Extends the deadline for eviction actions involving tenants in properties subject to contracts for deed from December 31, 2012 to December 31, 2014, requiring at least two months' written notice to vacate.

Changes the effective date for consolidated eviction rules applying to both foreclosed properties and contracts for deed from January 1, 2013 to January 1, 2015.