This office lease provision states that the parties desire to allocate certain risks of personal injury, bodily injury or property damage, and risks of loss of real or personal property by reason of fire, explosion or other casualty, and to provide for the responsibility for insuring those risks permitted by law.
Minnesota Provision Allocation Risks and Setting Forth Insurance Obligations of Both the Landlord and the Tenant
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FAQ
Normal wear and tear is considered any deterioration that happens while regularly using the rental unit. No negligence, accident, carelessness, or abuse of the premises has happened by anyone. This includes minor issues, such as faded wall paint, worn carpets, light scuffs on the floors, damaged blinds, and more.
Triple net lease/?NNN? lease This includes maintenance costs such as common area maintenance (CAM), insurance, and property taxes (represented by ?NNN?). Typically, these leases are longer-term and have a lower base rent because the tenant agrees to pay for all operating expenses.
A 24-hour notice is probably ?reasonable? in most situations. The notice does not have to be in writing. If a landlord enters your home without notice while you are out, they have to leave a note in a place where you will see it.
Right To Privacy. A landlord may not enter your apartment unless they have a business reason to enter AND they have given you notice. This rule does not count in an emergency. You should not make it hard for the landlord to enter if they need to make repairs.
Indemnification is the assumption of another party's liability under a contract, such as a lease. Therefore, under an indemnification clause, tenants typically agree to reimburse the landlord, or pay directly, ?all losses, claims, suits, liability, and expense? related to a liability situation.
A: There is no law in Minnesota that requires landlords to paint the units and shampoo carpeting between tenants moving out and new tenants moving in. Landlords usually do paint the walls and shampoo carpets when they need it, and that does occur often between tenants.
The rule of subrogation known as the ?Sutton Rule? states that a tenant and landlord are automatically considered ?co-insureds? under a fire insurance policy as a matter of law and, therefore, the insurer of the landlord who pays for the fire damage caused by the negligence of a tenant may not sue the tenant in ...
The rule of subrogation known as the ?Sutton Rule? states that a tenant and landlord are automatically considered ?co-insureds? under a fire insurance policy as a matter of law and, therefore, the insurer of the landlord who pays for the fire damage caused by the negligence of a tenant may not sue the tenant in ...