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...
Strong Advocacy | Personalized Service | Real Solutions
Residential Real Estate
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....