With a brand new lease management regulation taking impact on Could 1, many landlords in St. Paul, Minnesota, significantly small landlords and people who lease to low-income individuals, are elevating rents, changing their buildings to condominiums, or promoting them. The Pioneer Press stories that is precisely what critics of the measure mentioned would occur. Voters authorised the lease management referendum in November. It limits lease will increase to not more than 3 % a yr and doesn’t enable them to be raised to market charges when an house is vacated.
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