Whether you are a Minnesota home buyer or a home seller, you likely have more than enough to worry about. Simply reading through all the legal documents that accompany a real estate purchase or sale can keep a person busy for days. With this in mind, it's unlikely...
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Residential Real Estate
Remember to Send the 21-Day Letter After Your Tenant Leaves the Property!
If you withhold any portion of a security deposit, Minnesota law requires that you send a written statement to your tenants within twenty-one days after move-out. Minn. Stat. § 504B.178, subd. 3(a). This statement, known as a 21-day letter, must explain the reason for...
The Importance of Requiring Certified Funds Before Letting Your Tenants to Move in
Most leases require the tenant to pay the security deposit and the first month of rent at signing, or before moving in. But what happens if the tenants move in without paying? As a landlord, your first reaction is to call the police. You may view the tenants as...
Tax Break for Mortgage Forgiveness Scheduled to Expire at Year’s End
The housing meltdown has exacted severe pain in the Twin Cities and across the country. Though the federal government has tried to respond with some relief, those steps have not always been enough for homeowners struggling to keep their homes out of foreclosure....