What is my responsibility as a seller?

Sellers should make sure that potential buyers are aware of the ordinance either directly or through their broker.

If you are planning on selling a multiple-family rental housing building having five or more dwelling units where at least 20 percent of the units rent for an amount that qualifies as “affordable” in Ramsey County, additional requirements will apply. Please contact the Department of Community Assets and Development for more details.

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1. What is my responsibility as a seller?
2. I’m buying a housing building, what is my responsibility?
3. Can I raise rents, facilitate non-renewals without cause, make a material change to the lease, or re-screen existing residents during the three-month period following the transfer in ownership?
4. Are there any restrictions after the 90-day tenant notification period expires?
5. If a lease expires during the three-month notification period, can I raise the rent?
6. How can I learn more or file a complaint?