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Making a Minnesota Lease Agreement
Minnesota Lease Agreements normally are designed to record the agreed-upon terms for a tenancy. Signed by both the property owner or manager and the tenant, this document helps define each party's expectations. You can tap or click on "Make document" to check out the Minnesota Rental Contract sample and see what information you'll need to generate your lease. Suitable for renting out any type of residential property, this rental agreement for Minnesota can be used by property owners in Minneapolis, Saint Paul, Rochester, and every additional city or town in the North Star State.
As with any legal contract, a Minnesota Rental Agreement will not be legally binding until everyone has signed it. Unlike the other sites that you might stumble upon, Rocket Lawyer offers more than any run-of-the-mill Minnesota Lease Agreement template or fillable PDF that you could download elsewhere. In the event of missed payments or any other issue related to your Minnesota Rental Contract, your Rocket Lawyer membership provides the optional benefit of Document Defense® protection.
Even if you are offering the rental as a favor, having documentation of any commitments to those renting from you is important. Using this document could be good for you due to the following list of benefits:
Ultimately, if you and/or your renter fail to sign a Minnesota Lease Contract, neither party will get to enjoy any of the benefits that come along with having one.
Specifics to cover are:
Your document will also include legal language related to smoking and/or drug use, invited visitors, overdue payments, pets/animals, and moving out before the lease ends. During the process of building your rental contract, you'll also have the ability to include information about furnishings, insurance requirements, and maintenance procedures. With the Rocket Lawyer document tool, you have the power to implement further custom edits, if needed.
The fees associated with working with a law firm could add up to several hundred dollars or thousands. When you use Rocket Lawyer, every Minnesota Lease Agreement that you create will be tailored to you and your specific needs. Simply click the button that says "Make document" to start the process. If you'd like, you may also consider asking an attorney in our Rocket Lawyer On Call® network to look at it for you after generating it.
Alongside each Minnesota Lease Agreement, there is a checklist of recommended steps you should take to finalize your document. Feel free to engage with the contract in all of the following ways: making edits, printing it, saving it as a PDF document or Word file, and/or signing it electronically with RocketSign®. Most importantly, you will need to send a copy of the signed contract to the other party. You might also like to check out our entire selection of real estate legal documents.
In Minnesota, if the lease is to last more than one year, state law requires that the rental terms be set forth in writing to be valid. Beyond requirements, however, having a written document can help if there are disagreements in the future. Nevertheless, rental laws are continually evolving and they vary from city to city. If you've got any questions or concerns about Minnesota rental laws, you can ask a lawyer. Getting a second opinion on your contract may take longer than you would expect if you attempt to do it alone. Another approach worth consideration is to go through attorney services at Rocket Lawyer. Premium members are able to ask for feedback from an attorney with experience in landlord-tenant matters or ask other questions. As a property owner, you can be confident that Rocket Lawyer is by your side.
Minnesota Lease Agreement Laws: Minn. Stat. §504.22 subd. 4(a)
The reply may depend on your needs; but, regardless of where you are, there are several factors to note as you decide whether or not renting out property is right for you. These may include the following: the scope of tenants' rights, restrictions on deposit amounts, mandatory disclosures, how hard an eviction could be, and, of course, the amount of property taxes. This being said, Minnesota is home to schools like the University of Minnesota and the University of St. Thomas as well as tourist destinations like the Mall of America, Nickelodeon Universe, and the Como Park Zoo & Conservatory, so there is no shortage of potential visitors and tenants if you're close to them.
Last reviewed or updated 04/22/2022