Minnesota Standard Residential Lease Agreement

A Minnesota standard residential lease agreement is a property rental document that must be signed by both parties to make it legally binding. The contract will state the cost of the rent, utilities, security deposit, late fees, responsibilities, and compliances. Often, a landlord will arrange for a credit check on the tenant to verify their income and be assured they can cover the rent cost.

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Last updated November 10th, 2024

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A Minnesota standard residential lease agreement is a property rental document that must be signed by both parties to make it legally binding. The contract will state the cost of the rent, utilities, security deposit, late fees, responsibilities, and compliances. Often, a landlord will arrange for a credit check on the tenant to verify their income and be assured they can cover the rent cost.

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Disclosures (5)

Financial Distress – If the rental property is being foreclosed on or a cancellation deed has been issued, the tenant can only sign a maximum of a 2-year contract. § 504B.151

Landlord Identification – The tenant must be informed of the names and addresses of any property manager or person acting as a property manager. § 504B.181

Lead-Based Paint Disclosure – Federal law requires the landlord to present a lead paint disclosure if the rented property is older than 1978. EPA/HUD Fact Sheet

Covenant of Landlord and Tenant – All Minnestoa lease agreements must include an exact phrase stating that neither the tenant nor the landlord will allow unlawful activities on the premises. § 504B.171

Outstanding Inspection Orders (conditional) – The tenant must be aware of any outstanding inspection orders on the grounds due to a code infraction. § 504B.195

Rent Grace Period

In the state of Minnesota, there is no specified grace period for paying rent late, so there is no rent grace period.

Security Deposit

Maximum Amount – No specified maximum security deposit is established in Minnesota law.

Returning – The landlord must return the security deposit within 3 weeks of the end of the lease. § 504B.178

  • Deductions – If the security deposit has been deducted, the landlord must provide a written statement of the damages. § 504B.178