This bill mandates that landlords in Minnesota provide written disclosure to tenants regarding the ownership of the rental property. Specifically, landlords are required to disclose the names and contact information of all parties who have any interest in the real property that is subject to the lease agreement.

The proposed new legal language is to be codified in Minnesota Statutes, chapter 504B, under the section titled "[504B.112] OWNERSHIP DISCLOSURE." This addition aims to enhance transparency in landlord-tenant relationships by ensuring that tenants are informed about the individuals or entities that hold an interest in their rental property.