Updated on July 1st, 2021
A Minnesota commercial lease is a written agreement that allows a tenant and landlord to agree on the terms and conditions of a commercial rental property. Commercial leases are often more complex than residential leases, and it is important that potential tenants perform due diligence before signing. Whether the property is being rented for retail, office, or industrial use, the business owner should examine the premises and surrounding area to ensure they can conduct their business on this particular piece of property. The terms and conditions can, for the most part, be negotiated between the parties before the agreement is signed and the arrangement becomes legally binding.
Lease Application – This form is provided to all potential tenants so the landlord can get a good idea of who would be the most suitable candidate for the lease. It asks for personal information, business information, rental history, credit references, and other pertinent rental information.