515 2nd Ave SW #3, Milaca, MN 56353

This 2 bedroom Apartment is to be rented in "As is" condition. This apartment is a cozy (Non smoking) 2 bedroom apartment in a 4 unit dwelling, overlooking a quaint wooded plain one block from the Rum River, in Milaca MN. A phenomenal southern exposure entering from the dining room onto a new deck overlooking wooded area. it is a short 2 blocks to downtown and schools. This unit boasts hardwood red oak floors in dining room and kitchen. There are 4 divided legal apartments in this building which was a single family home converted over decades from 1967 to 2005. Utility expense for the building is paid by the landlord and is apportioned equally by number of separate unit bedrooms in the building. Heat, electricity and data / media / internet utility / services and parking spaces are adjusted, averaged & then annually & divided (apportioned) into the rent price. if when available a 2nd parking space adds $50.00 monthly to rents price. Added to rents at time of lease signing. tenants are responsible for snow removal around their vehicles. shovels and snow blower made available to tenants by owner. Leasing period for this 2 bedroom apartment is 12 months. This apartment is a Non Smoking, No pets allowed Apartment. Lease provides for one off street parking space. An additional parking space (if when available) may be added for $50.00 per month. The total combined rents & utilities expense is detailed below as follows. 1. "Base" rent price is $1,040.00 (prior to adding apportioned utilities & water. 2.) Apportioned utilities, water & sewer averages for 2023 -24 fiscal year is divided by number of bedrooms in units (currently averaging $65.00 per bdrm.) $130.00 is then applied to monthly rents price. 4.) Rents, apportioned utilities, water & cable data services expense is $1,170.00 3.) Add Parking Expense: Parking expense is mandatory for either tenants or their guests & is $30.00 added to rents price & apportioned utilities. All totaled rents, utilities media / data, water, sewer & 1 parking space is a "Finished Rents price" of $1,200.00 per month due on or before the first of each month. Lease period is one year and begins on the date of lease signing, and ends 12 calendar months thereafter. Leasing document for this unit is a Standard MN lease as developed & provided by the MN State Bar Association. Applicant's may either go online to review this document or will (Via email) be provided with a sample copy to review prior to lease signing. Our Application Process is a service provided to us via the application services company rental history reports. This service conducts 1.) Credit history check 2.) Rental history check 3.) Criminal background check. Applicants upon providing us with an email contact will be sent an invite from this service / may then go online to fill out the application. Cost for this service is $60.00. At that time prospect qualifies for the apartment will then be reimbursed that amount they paid for the service by deducting the amount paid from first months rents. Applicant's must score a (B+) Grade (as determined by the service) or higher to qualify. Applicants with recent, compulsive, aggregated /poor rental payment, eviction, unlawful detainer history or record of vacating and not paying for damages to previous residence's and those who have registered court judgment's within the past 7 year who lack relevant credit history seldom score the required B+ grade standard to qualify. Those who apply who then do not qualify will not be reimbursed the cost of the application fees. Utilities (Gas, Electric, Cable / Data) are apportioned (Shared) between 4 apartment units. These 4 units do not have separated /metered service panels. The utility expense total for all 4 units is adjusted biannually for inflation & or increased use volumes. Tenants are notified twice annually of increase and or decreases in utilities and data services expense for the building into the rents price. For the purpose of full disclosure tenants may request & receive copies of utility bills for review / verification. Upon verification of increased or decreased utilities use and expense averages, rents price will adjust accordingly. Average price adjustment for utilities and data expense may increase or decrease depending on services prices. Rents price will then be adjusted accordingly to reflect changes in utility cost only. prospects must be prepared for & demonstrate they have means to absorb any potential increase in utilities expense. An attachment to the lease titled "515 Building Rules" defines those expectations management has that tenants living in the dwelling must comply with. "Building Rules is a written code of conduct and standards that clearly defines, outlines and sets boundaries for Managements expectations as to how one is to conduct themselves. This is so as to optimize consideration to others living in the building & for maintaining the dwelling unit they will occupy. A copy of the building rules will be provided for review prior to lease signing for applicant/s. This "Building Rules" document is to be signed along with the lease and comes attached to the lease (is part of the lease). Tenants for this apartment agree/s they will provide snow removal to entrances to / from their apartment to include their vehicle parking space . Snow removal of the public accesses to the building are provided by management. In the past we have allowed for pets and after careful evaluation of the adverse effects of pets on wear and tear to the dwelling are discontinuing allowing for pets. Our new policy is "No Pets Allowed. presently two other unit's in the building house pets. At that time these units change over to new tenants the same policy will then apply to new tenant's. Thank You.