Minn. R. agency 148, ch. 4900, RECEIVERSHIP REVOLVING LOAN FUND, pt. 4900.2905

Current through Register Vol. 49, No. 15, October 7, 2024
Part 4900.2905 - ADMINISTRATIVE EXPENSES

Administrative expenses that are eligible for payment under parts 4900.2901 to 4900.2907 include both property management and repair coordination expenses. Property management expenses are the cost of operating the premises including, but not limited to, personnel, rent collection, ongoing tenant management, court costs, and transportation.

Repair coordination expenses funded by a supplemental management fee include, but are not limited to, personnel and costs of posting bonds, legal fees, financial record keeping, operating statement, audits, construction consultants' fees, transportation, and permits.

In addition, eligible administrative expenses include such other expenses as are approved by the court supervising the tenant remedy action.

Minn. R. agency 148, ch. 4900, RECEIVERSHIP REVOLVING LOAN FUND, pt. 4900.2905

15 SR 376

Statutory Authority: MS s 462A.06