Property Management
A Minnesota tenant's rent is $1,200/month. The landlord sends a 30-day notice to raise rent to $1,450/month (a $250 increase). Under Minneapolis's rent stabilization ordinance, this increase may be:
AFully permissible since Minneapolis has no rent control
BSubject to a cap on annual rent increases under Minneapolis rent stabilization✓ Correct
CSubject to state review and approval
DOnly permissible if the landlord makes repairs equal to the increase amount
Explanation
Minneapolis adopted a rent stabilization ordinance (effective 2022) that limits rent increases to no more than 3% per year for covered units. A $250 increase on $1,200 rent represents a 20.
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