This bill mandates that landlords in Minnesota provide written disclosure to tenants regarding the ownership of the property they are leasing. Specifically, landlords are required to disclose the names and contact information of all parties who have any interest in the real property, ensuring transparency in rental agreements.

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 tenant rights by ensuring they have access to essential information about the ownership of their rental property.