Purpose of the Bill

The bill aims to address issues related to rent control in Minnesota by repealing the existing exception that allows certain municipalities to implement rent control measures.

Main Provisions

• Prohibition of Rent Control: The bill reinforces the ban on cities, counties, or towns adopting any rent control measures on private residential property. This includes passing laws, ordinances, or charter amendments that regulate rents.
• Repeal of Exceptions: It specifically eliminates the part of the law that had previously allowed cities or counties to enact rent control if it was approved in a general election.
• Local Government Property Management: Local governments retain the right to manage properties in which they have a financial interest, contract with property owners, act in accordance with state or federal laws, and mediate rent negotiations between property owners and tenants.

Significant Changes to Existing Law

• The bill removes the previously allowed exception for rent control where local government areas could enact such measures if they were approved by a general public vote.
• Eliminates any statutory or home rule charter city’s ability to hold a vote regarding rent control ordinances unless permitted by a separate law.

Relevant Terms

rent control, private residential property, statutory city, home rule charter city, ordinance, general election, repeal, local government, property management.