Permit termination of lease upon loss of income of tenant

This bill allows residential tenants in Minnesota to end their lease early if they lose their job or experience a significant drop in income that prevents them from paying rent. To exercise this right, a tenant must provide their landlord with at least 14 days' written notice along with proof of the income loss, such as a termination letter from an employer or a sworn statement if official documentation is unavailable. If the tenant follows these steps, the lease officially ends on the date specified in the notice, though they remain responsible for any rent owed before that date. The legislation also states that landlords cannot require longer notice periods or waive these rights, and the rules apply to new, renewed, or extended leases starting after the law takes effect.