Rental Application – The Landlord can request a rental application from Tenants to verify the financial credentials. Once approved, both parties can sign the lease.
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Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
Leasing in Minnesota: Required Disclosures
- Covenant of Landlord and Tenant
- Financial Distress
- Landlord/Manager Contact Information
- Lead-Based Paint Disclosure Form
- Outstanding Inspection
- Disclosure of Fees
Security Deposit Requirements
Landlord Rental Property Access
Paying Rent: Late Fees
Grace Period – No grace period law.
Maximum Late Fee – 8% of one (1) months’ rent.
NSF fee – No limit.
Source: § 504B.177