Certificate Of Rent Paid Minnesota 2009
The MN Renters Rebate
By January 31, 2010 landlords should have sent out the Minnesota Certificate Of Rent Paid to their tenants. The MN Certificate Of Rent Paid provides the tenant the form and breakdown of rent paid which they can use to obtain their rent credit when they do their taxes. This is commonly known in Minnesota as the renters refund. The MN Certificate Of Rent Paid form used by your landlord to send you the Certificate Of Rent Paid can be found at the MN CRP 2009 site. There are a few things that both landlords and tenants should know about the 2009 Certificate Of Rent Paid in Minnesota. Failure to adhere to the MN policies could result in fines for the landlord.
A Minnesota Certificate Of Rent Paid should be sent to each married couple and unmarried person living at the house, townhouse or apartment. Each individual should receive their own Certificate Of Rent Paid with only their name on it. In the case of a married couple, they count as one individual. So if you have one married couple and two single persons living at your rental, you need to send a total of three Certificate Of Rent Paid Forms.
Regardless of who is paying the rent. The landlord must divide up the total yearly rent received by the number of individuals equally. Using our formula before. You divide the total yearly rent received by the number of Certificate Of Rent Paid forms you are sending to the tenants. It may be that one tenant paid more than the divided share of the rent. They may have even paid most of the rent. This does not matter. The instructions on the 2008 Certificate Of Rent Paid MN form state that the rent stated on the CRP must be divided equally regardless of what was actually paid.
The landlord must send the tenants the MN Certificate of Rent Paid by 1/31/2010 or face a $100 penalty per CRP not sent by the required date.
Failure to properly allocate the proper amount of rent to each CRP recipient will also result in a $100 penalty per CRP not sent or sent with incorrect allocation of rent.