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COMMERCIAL LEASE AGREEMENT (MINNESOTA) THIS LEASE made effective as of the day of, (the Effective Date). BETWEEN: LESSOR Name: Address: (the Lessor) and LESSEE Name: Address: (the Lessee) IN CONSIDERATION

How to fill out commercial lease agreement minnesota

How to fill out a commercial lease agreement in Minnesota:

1. Begin by entering the full legal name of the landlord and the tenant in the designated spaces on the agreement form. Include any DBA (doing business as) names if applicable.
2. Provide the complete address of the leased property, including the unit or suite number if applicable.
3. Specify the lease term, including the start and end dates. Indicate whether it is a fixed-term lease or a month-to-month lease.
4. State the amount of rent to be paid, the frequency of payments (e.g., monthly, quarterly), and the due date. Include any information regarding late fees or penalties for missed payments.
5. Describe the permitted uses and any restrictions or limitations on the leased property. This may include prohibited activities or modifications to the premises.
6. Outline the responsibilities of both the landlord and tenant regarding maintenance, repairs, and utilities. Specify who is responsible for paying utilities such as water, electricity, and internet.
7. Include details about security deposits, such as the amount required, the conditions for its return, and any interest that may be earned on the deposit.
8. Address any insurance requirements, such as liability insurance coverage for the tenant or property insurance for the landlord.
9. Specify any additional terms or provisions that are unique to the agreement, such as options to renew, subletting, or exclusivity clauses.
10. Have both the landlord and tenant review and sign the lease agreement. It is recommended to have witnesses or a notary present, although it may not be legally required.

Who needs a commercial lease agreement in Minnesota:

1. Business owners who want to lease commercial property for their operations, such as office space, retail units, or industrial warehouses.
2. Landlords who own commercial properties and wish to rent them out to businesses.
3. Property managers or real estate agents who are responsible for facilitating commercial leases on behalf of landlords.

Remember, it is always advisable to consult with a legal professional when filling out a commercial lease agreement to ensure compliance with Minnesota state laws and to protect the interests of all parties involved.

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