The relationship of landlord/tenant or lessor/lessee is created by contract. The person who owns the real property is known as the lessor or landlord. The lessee, or tenant, is the one who occupies the property.
Tenancies are classified by duration as tenancies for years, from year to year, month to month, and at will. A tenancy for years is one under which the tenant has an estate of definite duration. The term "for years" is used to describe such a tenancy even though the duration of the tenancy is for only one year or for less than a year. A tenancy from year to year or month to month is one under which a tenant, holding an estate in land for an indefinite duration, pays an annual, monthly, or weekly rent.
Minnesota Lease of Unfurnished Apartment is a legally binding agreement between a landlord and a tenant, outlining the terms and conditions for renting an unfurnished apartment in the state of Minnesota. This lease contract is designed to protect the rights and responsibilities of both parties involved in the rental agreement. The Minnesota Lease of Unfurnished Apartment typically includes important details such as the names of the landlord and tenant, the rental property address, the lease term (start and end dates), the rental amount and due date, security deposit obligations, maintenance responsibilities, and any additional terms specific to the rental property. There are different types of Minnesota Lease of Unfurnished Apartment agreements that can be utilized depending on the specific circumstances: 1. Fixed-term Lease: This type of lease agreement has a specific duration, such as six months or one year. Both the landlord and tenant are bound by the terms stated in the agreement until the lease term expires, unless otherwise mutually agreed upon. 2. Month-to-Month Lease: This lease agreement has a more flexible duration, allowing either the landlord or the tenant to terminate the lease with a 30-day notice. This type of lease renews automatically each month until either party decides to end it. 3. Renewal Lease: If both the landlord and tenant wish to continue the rental arrangement after the initial lease term expires, they may choose to sign a renewal lease. This agreement defines new terms for the extended lease period. 4. Sublease Agreement: In situations where a tenant wishes to rent out their apartment to another individual, they may enter into a sublease agreement. This type of lease allows the original tenant (sublessor) to transfer some or all of their lease responsibilities to a new tenant (sublessee), under the supervision of the landlord. It is crucial for both landlords and tenants in Minnesota to thoroughly read and understand the terms of the Lease of Unfurnished Apartment before signing. Seeking legal advice or employing the assistance of a reputable property management company can help ensure that the lease terms are fair and compliant with the state's rental laws.
