Minnesota Underground Storage Lease and Agreement (Surface Only) is a legal document that outlines the terms and conditions for leasing and utilizing underground storage space in Minnesota for surface purposes only. This agreement is designed to protect the rights and responsibilities of both the lessee and lessor in relation to the storage of various items or materials underground. The Minnesota Underground Storage Lease and Agreement (Surface Only) typically contains the following key elements: 1. Parties involved: This section details the names and contact information of both the lessee (the party leasing the storage space) and the lessor (the party owning the underground space). 2. Premises description: This section provides a detailed description of the underground storage location, including its exact boundaries, spatial limitations, and relevant access points. 3. Purpose of lease: The agreement specifies that the underground storage is solely for surface use, meaning that it does not involve any subterranean activities such as mining, drilling, or extraction. 4. Term and termination: The lease duration, start date, and potential renewal options are outlined in this section. It also specifies the conditions under which either party can terminate the agreement prematurely. 5. Rent and payment terms: The amount of rent, frequency of payment, and accepted payment methods are clearly stated in this section. It may also include provisions for prorated rent in case of partial usage during a specific period. 6. Permitted use: This section defines the specific purposes for which the storage space can be utilized, such as storing agricultural products, equipment, vehicles, furniture, or any other lawful belongings. It may also set limitations regarding toxic or hazardous materials. 7. Access and maintenance: The agreement outlines the lessee's rights of access to the storage space, including any restrictions on entry. It may also mention the responsibilities of the lessor for providing necessary infrastructure, maintenance, and security measures for the underground storage. 8. Insurance and liability: This section clarifies the insurance requirements for the lessee, including liability coverage for any potential damage or injuries caused by their activities in the underground storage. It may also specify that the lessor is not responsible for any loss, theft, or damage to the stored items. 9. Indemnification: Both parties usually agree to indemnify and hold each other harmless from any claims, damages, or liabilities arising from their own acts, negligence, or willful misconduct. Other types of Minnesota Underground Storage Lease and Agreement (Surface Only) could include variations applicable to specific industries, like agricultural storage lease, vehicle parking storage lease, or commercial goods' storage lease. Each would have specific clauses regarding the particular type of storage and its associated terms and conditions. In conclusion, the Minnesota Underground Storage Lease and Agreement (Surface Only) is a legally binding contract that outlines the terms and conditions for utilizing underground storage space in Minnesota exclusively for surface purposes. It protects the interests of both parties involved and provides a comprehensive framework for the lease agreement.