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Minnesota CRP caretaker
Hello-We are moving out-of-state in 2021 and considering giving a tenant reduced rent in exchange for caretaking duties. I noticed this has to be recorded on the CRP form for Minnesota. Can anyone explain what effects this has for my caretaking tenant and for me, the landlord, next year? Why does Minnesota want this information?
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@Brandon Sturgill It is caretaker of the property, not a caretaker for anything medical. If you have a multi unit property you might give 1 tenant a reduced rent and in exchange that tenant with lower rent mows the lawn, shovels the snow, replaces lightbulbs and might even do very minor repairs.
Minnesota has a tax form for the landlord to fill out and give to the tenant that shows the amount of rent they paid for the year. The state wants to compare apples to apples as best they can. The tenant paying less rent, but providing service needs to get credit for the full amount (rent plus service) that they provided to the landlord.