Advance Notice of Sale

Small apartment building with three levels and a garage

Tell us about your plan to sell

Owners of affordable housing buildings must notify the following of any plans to sell the building.

Renters living in the building
The City of Minneapolis

City ordinance

The process and timeline requirements are in the City's Affordable Housing Building Sale Ordinance.

See Minneapolis Code of Ordinances, Title 12, Article XVIII

Before you sell

The building owner must notify renters and the City of the proposed sale:

In writing
Sixty days before you put the building up for sale

You must:

Create a Proposed Notice of Sale flier
Complete the Proposed Notice of Sale spreadsheet
Post the flier in a visible common area in the building you plan to sell
Send a flier and the spreadsheet to City's director of Community Planning and Economic Development

After you sell

The new owner of the building must notify renters and the City of new ownership:

In writing
Within 30 days of taking ownership

The Notice of New Ownership documents must be:

Distributed to each person renting an affordable housing unit in your building
The City's director of Regulatory Services

Building owner resources

Protecting renters after the sale

Renters may be eligible for relocation assistance after the building is sold if the new owner:

Terminates or refuses to renew their lease without cause.
Increases rent or rescreens an existing affordable housing renter.

This protection is in place for three months after the transfer of ownership.

Renter resources