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Minnesota Rental Lease Agreements | Residential & Commercial

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Minnesota rental agreements are created between the owner of residential or commercial property and an individual or entity that would like to occupy while providing compensation. The parties shall also make provisions about the use of the premises and include any agreed upon terms in accordance with State law (Chapter 504B – Landlord and Tenant). All parties are held legally bound after both have signed any type of lease contract.

Rental Application – For the use of verifying that a potential tenant is employed, has good credit, valid renting experiences through previous lessor references, and any other information to be requested by the landlord.

Agreements

Association of Realtors – For the use of any residential dwelling.

Commercial Lease Agreement – Intended for property with a commercial use such as retail (store, restaurant, etc.), office, or industrial types.

Lease with Option to Purchase (Lease to Own) Agreement – Typical contract with an added benefit of having the choice of buying the property.

Month to Month Lease Agreement – Must be written pursuant to § 504B.135 with cancellation of the contract within the payment interval or three (3) months, whichever is less.

Room Rental (Roommate) Agreement – For persons designated in a shared living arrangement.

Standard Residential Lease Agreement – Provided by the Minnesota State Bar Association (M.S.B.A), also known as Form 41,  for the purposes of created a binding arrangement between a residential landlord and tenant.

Sublease Agreement – For the renting of space that is already under agreement by a tenant.

Termination Lease Letter – Cancels a month to month rental arrangement by submitting one (1) month notice to either the landlord or tenant.

Disclosures

Added Language – All residential lease agreements formed in the State of Minnesota must include the following words;

Landlord and tenant promise that neither will unlawfully allow within the premises, common areas, or curtilage of the premises (property boundaries): controlled substances, prostitution or prostitution-related activity; stolen property or property obtained by robbery; or an act of domestic violence, as defined by MN Statute Section 504B.206 (1)(e), against a tenant, licensee, or any authorized occupant. They further promise that the aforementioned areas will not be used by themselves or anyone acting under their control to manufacture, sell, give away, barter, deliver, exchange, distribute, purchase, or possess a controlled substance in violation of any criminal provision of Chapter 152.

Financial Distress (§ 504B.151) – If the landlord’s property is being foreclosed upon or a deed of cancellation has been issued a tenant may not legally sign for more than a two (2) month period.

Landlord/Manager Information (§ 504B.181) – In the lease agreement the landlord must disclose the manager authorized to act on the premises along with an address for notices.

Lead-Based Paint – This disclosure form is required by federal law for all tenants moving-in to properties that were constructed before 1978.

Outstanding Inspection Orders (§ 504B.195) – If the premises has any outstanding inspection orders due to a property’s code infraction it must be relayed to the tenant.

Access

According to § 504B.211 the landlord must grant at least “reasonable notice” before entering the property being leased by the tenant.

Security Deposits

Maximum – No limit.

Returning (§ 504B.211) – Within three (3) weeks of the termination of tenancy.


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