Minnesota Standard Residential Lease Agreement
The Minnesota Standard Residential Lease Agreement is an official template designed for Minnesota landlords to be used for forming a binding contract in regards to the renting of a unit for a standard length of one (1) year. The form was created by Minnesota’s Bar Association, lending to the fact that the form complies with the state’s landlord-tenant laws and contains sufficient protections for both the landlord and tenant(s). The state’s legislature requires landlords to provide tenants with several disclosures both in and out of the lease contract itself, some of which include a condition specifically detailing activities forbidden to take place in the property, and if the property will be foreclosed upon in the near future.
Tenant Screening: Minnesota Rental Application
Maximum Security Deposit: No statute. There are no restrictions in place regarding what tenants can be required to pay for security deposits.
Returning Security Deposits (§ 504B.178): Landlords have twenty-one (21) days to return security deposits after the standard expiration of a lease. If the tenant vacates the rental due to the legal condemnation of the property, landlords have five (5) days to return the deposit (in full or after deductions).
Notice for Increasing Rent: Landlords need to give tenants a minimum of one (1) rental period, plus a single day, prior to raising the rates.
Required Notice for Entry: Landlords are required to make a “good faith effort” to provide tenants with a notice prior to entering the rental.