2007 Minnesota Statutes
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Chapter 504B
Section 504B.151
Recent History
- 2022 Subd. 1 Revisor Instruction 2022 c 55 art 2 s 3
- 2013 Subd. 1 Amended 2013 c 100 s 1
- 2009 Subd. 1 Amended 2009 c 123 s 3
- 2008 504B.151 Amended 2008 c 177 s 1
- 1999 504B.151 New 1999 c 199 art 1 s 11
This is an historical version of this statute chapter. Also view the most recent published version.
504B.151 RESTRICTION ON RESIDENTIAL LEASE TERMS FOR BUILDINGS IN
FINANCIAL DISTRESS.
Once a landlord has received notice of a contract for deed cancellation under section 559.21
or notice of a mortgage foreclosure sale under chapter 580 or 582, the landlord may enter into a
periodic residential lease agreement with a term of two months or less or a fixed term residential
tenancy not extending beyond the cancellation period or the landlord's period of redemption until:
(1) the contract for deed has been reinstated or paid in full;
(2) the mortgage default has been cured and the mortgage reinstated;
(3) the mortgage has been satisfied;
(4) the property has been redeemed from a foreclosure sale; or
(5) a receiver has been appointed.
This section does not apply to a manufactured home park as defined in section327C.01,
subdivision 5 .
History: 1999 c 199 art 1 s 11
FINANCIAL DISTRESS.
Once a landlord has received notice of a contract for deed cancellation under section 559.21
or notice of a mortgage foreclosure sale under chapter 580 or 582, the landlord may enter into a
periodic residential lease agreement with a term of two months or less or a fixed term residential
tenancy not extending beyond the cancellation period or the landlord's period of redemption until:
(1) the contract for deed has been reinstated or paid in full;
(2) the mortgage default has been cured and the mortgage reinstated;
(3) the mortgage has been satisfied;
(4) the property has been redeemed from a foreclosure sale; or
(5) a receiver has been appointed.
This section does not apply to a manufactured home park as defined in section
subdivision 5
History: 1999 c 199 art 1 s 11
Official Publication of the State of Minnesota
Revisor of Statutes