as introduced - 91st Legislature (2019 - 2020) Posted on 03/06/2020 09:14am
A bill for an act
relating to housing; limiting rent increases by certain landlords; proposing coding
for new law in Minnesota Statutes, chapter 504B.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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A landlord may not increase rent, in any residential building owned by the landlord that
contains one or more dwelling units subsidized by a state or federal housing program, by
an amount that exceeds the percentage increase in the Consumer Price Index published by
the Bureau of Labor Statistics for the preceding year.
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This section is effective August 1, 2020, and
applies to any lease entered into on, before, or after that date.
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