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When entering into a rental agreement in Minnesota, understanding the Residential Lease Agreement form is crucial for both landlords and tenants. This document serves as the backbone of the landlord-tenant relationship, outlining essential details such as the rental amount, payment due dates, and the duration of the lease. It also addresses important aspects like security deposits, maintenance responsibilities, and rules regarding pets and smoking. Furthermore, the agreement includes provisions for terminating the lease, ensuring both parties are aware of their rights and obligations. By clearly defining these elements, the Minnesota Residential Lease Agreement helps to prevent misunderstandings and disputes, fostering a more harmonious living environment. Whether you are a seasoned landlord or a first-time renter, familiarizing yourself with this form can save time, money, and stress in the long run.
Form Example
Minnesota Residential Lease Agreement
This Minnesota Residential Lease Agreement (hereinafter referred to as the "Lease") is entered into on the ____ day of ___________, 20__ (the "Effective Date"), by and between _________________________ ("Landlord") with a mailing address of ____________________________________, and _________________________ ("Tenant") with a mailing address of ____________________________________. The Landlord wishes to lease the premises located at __________________________________________ (the "Premises") to the Tenant. The Tenant agrees to lease the Premises from the Landlord under the terms set forth in this Lease.
1. Term of Lease
The term of this Lease will begin on ____________________, and will end on ____________________, unless earlier terminated as provided in the Lease.
2. Rent
The Tenant agrees to pay the Landlord a monthly rent of $__________, payable in advance on the first day of each month. The first month's rent is due upon the signing of this Lease. Rent must be paid in full and without demand, deduction, or offset.
3. Security Deposit
Upon signing this Lease, Tenant will deposit with Landlord the sum of $__________ as a security deposit for faithful performance by the Tenant of all terms, covenants, and conditions of this Lease. The security deposit will be returned to the Tenant within 21 days after the termination of the Lease, subject to the provisions of the Minnesota Security Deposit Law.
4. Use of Premises
The Premises shall be used exclusively for residential purposes and no other purposes.
5. Maintenance, Repairs, and Alterations
Tenant agrees to keep the Premises in good order and repair. Tenant shall not make any alterations to the Premises without the prior written consent of the Landlord.
6. Occupancy and Subletting
Occupancy of the Premises shall be limited to ______ persons. Tenant agrees not to sublet the Premises or assign this Lease without the prior written consent of the Landlord.
7. Governing Law
This Lease shall be governed by and construed in accordance with the laws of the State of Minnesota.
8. Entire Agreement
This Lease contains the entire agreement between the parties and supersedes any prior understanding or representation of any kind preceding the date of this Lease. There are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Lease.
Signatures
This Lease shall be executed in duplicate. Each party acknowledges receiving a copy of the Lease signed by both parties. The Lease is effective as of the Effective Date first above written.
Landlord Signature: ____________________________________ Date: ____________
Tenant Signature: ______________________________________ Date: ____________
File Specs
| Fact Name | Description |
|---|---|
| Governing Law | The Minnesota Residential Lease Agreement is governed by Minnesota Statutes Chapter 504B. |
| Parties Involved | The lease agreement involves a landlord and a tenant, both of whom must be identified in the document. |
| Property Description | The agreement must include a clear description of the rental property, including the address. |
| Lease Term | The lease should specify the duration, whether it is a fixed term or month-to-month arrangement. |
| Rent Amount | The total rent amount, along with the due date and payment method, must be clearly stated. |
| Security Deposit | The agreement should outline the amount of the security deposit and the conditions for its return. |
| Maintenance Responsibilities | Both landlord and tenant responsibilities regarding property maintenance should be defined. |
| Termination Conditions | The lease must explain how either party can terminate the agreement and any required notice periods. |
| Dispute Resolution | The agreement may include procedures for resolving disputes, such as mediation or arbitration. |
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