Property Management
Minnesota's Truth in Rent disclosure requires landlords to disclose:
AThe rental history of all previous tenants
BAll charges and fees that may be due in connection with the tenancy in writing before the lease is signed✓ Correct
CThe landlord's personal financial information
DThe building's assessed value
Explanation
Minnesota's Truth in Rent Act requires landlords to disclose in writing, prior to lease signing, all fees and charges that may be assessed in connection with the tenancy. This includes late fees, pet fees, parking fees, and any other charges, ensuring tenants understand the full cost of renting.
People Also Study
Related Minnesota Questions
- A Minnesota commercial tenant's lease expires and they continue to pay rent for two more months without signing a new lease. The tenancy has become a:Property Management
- Minnesota's Disclosure of Agency Act requires licensees to disclose agency relationships:Agency
- The Minnesota Human Rights Act requires landlords to make reasonable accommodations for tenants with disabilities. A reasonable accommodation example is:Fair Housing
- The Minnesota Residential Tenant's Right to Privacy requires landlords to give tenants how much advance notice before entering a rental unit for non-emergency repairs?Property Management
- A buyer in Minnesota obtains a $320,000 mortgage. The lender charges a 1% origination fee and 1.5 points. What is the total cost of these fees?Real Estate Math
- A Minnesota property manager collects $22,000 in rent and charges a 9% management fee plus $500 for miscellaneous services. What is the total management cost?Real Estate Math
- Minnesota law requires dual agency disclosure to be made:Agency
- Minnesota's implied warranty of habitability requires landlords to:Property Management
Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Math Concepts
State-Specific Concepts
Disclosure Requirements
Study This Topic
Practice More Minnesota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Minnesota Quiz →