244.2140. - Notice of sale.
When a transfer of ownership occurs, the new owner shall within thirty (30) days deliver
written notice to each affordable housing dwelling unit tenant of the building that
the property is under new ownership and all of the following information:
(1)
Name, phone number, and mailing address of the new owner.
(2)
The following statement: "Minneapolis Code of Ordinances section 244.2130 provides for a three (3) month tenant protection period for affordable housing dwelling
unit tenants. Under section 244.2130, an affordable housing dwelling unit tenant may be entitled to relocation assistance
from the new owner if the new owner terminates or does not renew the tenant's rental
agreement without cause within the three (3) month tenant protection period. An affordable
housing dwelling unit tenant may also be entitled to relocation assistance from the
new owner if the tenant terminates their rental agreement because the new owner raises
the rent or initiates a tenant rescreening process within the three (3) month tenant
protection period."
(3)
Whether there will be any rent increase within the three (3) month tenant protection
period with the amount of the rent increase and the date the rent increase will take
effect.
(4)
Whether the new owner will require existing affordable housing dwelling unit tenants
to be rescreened to determine compliance with existing or modified residency screening
criteria during the three (3) month tenant protection period and, if so, a copy of
the screening criteria.
(5)