This bill introduces new provisions in Minnesota Statutes, chapter 504B, aimed at providing tenants with remedies related to delays in new construction. It defines "new construction" and outlines the responsibilities of landlords when they are unable to deliver occupancy by the agreed move-in date. Specifically, landlords must notify affected tenants within seven days and offer them options such as alternative housing, financial compensation equivalent to the rent, or lease termination with a full refund of all payments made. Additionally, if tenants choose alternative housing or compensation, landlords are required to reimburse them for related fees.

The bill also emphasizes that any lease provisions waiving these rights are void and contrary to public policy. It establishes that violations by landlords can lead to remedies for tenants, including recovery of damages or attorney's fees. The new law is set to take effect on August 1, 2024, and will apply to all leases entered into after that date.