To offer you maximum protection, our leases are comprehensive, court tested, and comply with all state and federal laws, including the Minnesota Plain Language Act.
As required by Minnesota State Law, the tenant's security deposit is held in an escrow account, and interest is paid at lease termination to the tenant. Pets (if allowed by the owner) require a Pet deposit typically of $500 per pet. These deposits are typically held in escrow and used for Steam Cleaning or related maintenance at the end of the occupancy.
Our accounting and record keeping systems are totally computerized with state-of-the-art software and hardware for accuracy and efficiency. You receive monthly statements detailing all activity on your property. At year-end you are provided with complete summary information and 1099-misc for income tax purposes. We also handle the Minnesota-mandated CRP form and provide it to your tenant.
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