An agreement between a rent-paying lessee and a lessor for the lease of a residential or commercial property is created with a Minnesota rental and lease agreement template. The landlord will usually carry out income and employment verification using a rental application form and also ascertain background information before the lease is signed. After both parties have signed the agreement, it becomes legal.
Commercial Rental Lease Agreement – A real estate contract for properties primarily used for business purposes, such as offices, manufacturing, warehouses, etc.
Rent-to-Own Rental Agreement – This is a typical lease contract that allows the tenant to purchase the property if certain conditions are met. The price can be negotiated up front or it can be left for a later date.
Roommate Lease Agreement – This is a lease agreement designed for people that have a shared housing arrangement. It stipulates the responsibilities of each party to the agreement.
Standard Residential Rental Contract – This is the typical agreement that most people are referring to when they mention a lease. It has a fixed end date and a clause for renewal and offers the most protections for tenants.
Sublease Contract – Created for a lessee in a standard lease who would like to rent the property to someone else for the remainder of their term. It also comes in two options; a commercial sublease and a residential sublease.
Prohibition of Unlawful Activities – All residential rental contracts created in the State of Minnesota are required to include this statement in the agreement. See (§ 504B.171)
Financial Challenges (§ 504B.151) – If the lessor’s property will be foreclosed or a deed of cancellation has been given to an occupant, they are not required to sign for more than two months.
Manager Information (§ 504B.181) – A rental contract is required to outline the manager allowed to access the premises including an address for notices.
Lead-Based Paint Disclosure – The law provided by the Federal Environmental Protection Agency (EPA) mandates all property owners that own a property constructed before the year 1978 to inform their lessees of the presence of harmful lead-based paint in the property. This disclosure must be signed by all new tenants at the time of the commencement of the tenancy.
Outstanding Inspection Orders (§ 504B.195) – If the property has pending inspection orders due to a property’s contravention of a rule, it is required to be made known to the occupants.
Maximum – No limits.
Returning (§ 504B.178) – Funds must be sent back within three weeks of the expiration of residency.
Rent Due Date? The due date for the payment of rent may be decided by the lessor and lessee.
Lateness – The rental contract must include late fees and is required not to surpass eight percent of the monthly rent (§ 504B.177).
Not-Sufficient Funds – There are currently no laws regarding Not-Sufficient Funds, but if the lessor demands any, it should be outlined in the rental contract and must be reasonable.
Access – According to§ 504B.211, the lessor is required to provide “reasonable notice” before accessing the dwelling of an occupant.
The commercial lease agreement is a legal document used by the landlord or property manager in charge of space designed for offices, industrial use, o...
The commercial sublease agreement is a legal document that an organization or person uses to sublease a portion of a commercial property they’ve lea...
A lead-based paint disclosure form is a document that’s legally required to be given to potential tenants or potential buyers of homes constructed p...