I just Purchased a duplex, canI witch collecting rent?

[Jarvis Naylor]

I just bought a duplex, the previous owner way of collecting rent was in person. I want to collect it through Cozy am I allowed to switch the way rent is collecting?

#2 if the previous owner has a month to month lease at what point can I Implement my own lease? This is in Minnesota!

Thank you in advance for your time!

[Evan Kraljic]

To your first question, you can only change the way rent is collected if you discuss it with the current tenants and decide on something together, then write it into the current lease as an addendum and get all your signatures on it. I just had something similar where the landlord I purchased from was old school and had them drop off checks each month. I added in that rent could be paid by Cozy or check, one of the tenants just wrote out checks through the end of this lease with them post-dated for the first of each month, the other signed up on Cozy. 

You need to give one full rental period plus one day notice to terminate a month to month lease. So assuming your rental period starts on the first day of each month, if you give them a notice that the lease is being terminated it would not end until the end of February. You should also check your lease to make sure the minimum required notice was not changed in there.

Also I recommend reading over the landlord tenant handbook, this is answered in there as well as many other questions you may have in the future.

https://www.ag.state.mn.us/Brochures/pubLandlordTenants.pdf

Landlord tenant law, too: https://www.revisor.mn.gov/statutes/cite/504b