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MN HF3451
Bill
Status
2/17/2020
Primary Sponsor
Alice Hausman
Click for details
AI Summary
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Adds covenants, conditions, or restrictions created by a declaration or other instrument required by a government entity related to affordable housing to the list of exemptions from the 30-year expiration rule under Minnesota Statutes 2018, section 500.20, subdivision 2a.
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Affordable housing covenants required by government entities are now exempt from automatically expiring after 30 years, allowing them to remain valid and enforceable indefinitely.
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This exemption is added as clause (8) to the existing list of covenants that do not expire under the 30-year rule, including condominiums, cooperatives, and common interest communities.
Legislative Description
Covenants of affordable housing deeds or instruments added to list of exemptions.
Last Action
Second reading
3/11/2020