The bill mandates that landlords provide written disclosure to tenants regarding the ownership of the property they are leasing. Specifically, it requires landlords to disclose the names and contact information of all parties who have any interest in the real property, ensuring that tenants have access to essential information about their landlords and the ownership structure.

This new requirement is codified under a proposed section in Minnesota Statutes, chapter 504B, designated as [504B.112] Ownership Disclosure. The legislation aims to enhance transparency in landlord-tenant relationships by ensuring that tenants are informed about who holds an interest in the property they occupy.