A Minnesota commercial lease agreement is a contract that establishes the terms and conditions between a landlord and a company renting the space. It includes details like the lease length, rent amount, security deposit, and renewal terms. It also describes if the landlord allows subleasing and permits exclusivity (the exclusive right to conduct a specific type of business on a property).
Before the parties sign the agreement, they can verify the arrangement will be beneficial. The landlord can conduct tenant screening and verify the business’s legitimacy, while the tenant can inspect the property to ensure it’s suitable for the company’s operations.
Minnesota Business Entity Search: Confirm a business has the proper authorization to conduct business in the state by looking it up in this database.
REQUIREMENTS
Rental Laws: Minnesota Statutes § 336.2A-101.
Consumer Protection Laws: MN. Stat § 336.2A-104.
Jurisdiction: According to MN Stat. § 336.2A-106, a lease isn’t valid in any jurisdiction other than one in which (a) the lessee signed the lease, (b) the lessee resides at the time the agreement becomes valid (or within 30 days thereafter), or (c) the goods are to be used.
