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 if they are unable to deliver occupancy by the agreed move-in date. Landlords must notify affected tenants within seven days of learning about the delay and offer them options, including alternative housing, rent payment to cover costs of securing alternative housing, or termination of the lease with a full refund of all payments made. Additionally, if tenants choose alternative housing or rent payment, landlords are required to reimburse them for related fees.

The bill also establishes that any lease provision waiving these rights is void and contrary to public policy. It specifies that violations by landlords can lead to remedies for tenants, including recovery of damages or attorney's fees. The effective date for these provisions is set for August 1, 2024, applying to all leases entered into after that date.