Contract Rent Increases
No rent increase is permitted during the initial 12 months of the lease term.
An increase of Contract Rent will only be approved if a new signed one (1) year lease is submitted to the Minneapolis Public Housing Authority at least 60 days before the change(s) go into effect. Increases in Contract Rent will require Rent Reasonableness Review prior to approval. If the requested rent is not found to be reasonable, the owner must either reduce the requested rent increase, or terminate the tenancy in accordance with the terms of the lease.
A Contract Rent Increase Lease not submitted with a 60 day notice to MPHA will not be approved.