Minnesota Commercial Lease Agreement
A Minnesota commercial lease agreement is a form used in real estate to lease out commercially-zoned structures and spaces. The agreement can be made to structure expenses as triple net (NNN), gross, or modified gross lease.
Unlike residential agreements, it is decidedly important that commercial tenants stand up for any specific terms they need, such as a shorter lease or a certain utility paid in full, even if that means compromising with the property manager or landlord by paying slightly higher rent or conceding on other terms less important to the tenant. Once signed, the contract will be legally binding – altering conditions after signatures have been recorded is a remarkably difficult task, signifying the importance of ensuring the lease fits the tenant’s needs before making it official.