Fillable Printable Condominium Lease Agreement - Minnesota

Condominium Lease Agreement - Minnesota

CONDOMINIUM LEASE AGREEMENT (MINNESOTA)

THIS AGREEMENT made effective as of the _____ day of ______________, _______.

BETWEEN:

[NAME OF LESSOR]

[address]

(“Landlord”)

- and -

[NAME OF LESSEE]

[address]

(“Tenant”)

PROPERTY TO BE LEASED:

[ADDRESS OF CONDOMINIUM PROPERTY]

(“Condominium”)

WHEREAS, Landlord and Tenant hereby agree to the following terms and provisions:

1. The Condominium

1.1 Landlord hereby agrees to lease to Tenant, and Tenant hereby agrees to lease from Landlord, the

above described Condominium.

2. Term of the Lease

2.1 Landlord shall lease the Condominium to Tenant for a term of _________________ (________)

[months/years] [insert the number of months/years in both words and numerals], commencing on the

________ day of _____________________, ______ and ending on the __________ day of

___________________, ________ at _____________________ [a.m./p.m.].

2.2 At the end of this term, the lease shall automatically renew at the end of each calendar month for

one (1) additional calendar month unless and until either party gives the other party thirty (30)

days written notice of termination of the Lease.

3. Lease Payments

3.1 Tenant shall pay to Landlord a total sum of ________________ dollars ($_____________) rent for

the term, which rent shall be paid in equal monthly installments of ______________ dollars

($_____________) per month, due and payable in advance on the first (1

) day of each rental

month during the term of this Lease, without deduction or demand. Such payments shall be sent

to _________________________________________ [insert address where lease payments are to be

made], or at such other place as Landlord may designate in writing.

4. Security Deposit

4.1 Tenant shall pay to Landlord a security deposit of ________________ dollars ($_____________) at

the time of signing this Agreement, as security for Tenant’s fulfillment of the terms and

conditions of this Agreement. The security deposit shall not gather interest.

4.2 Within twenty-one (21) days after Tenant has vacated the Condominium, Landlord shall return

all or a portion of such security deposit. If any portion of the security deposit is withheld,

Landlord shall provide Tenant with a written explanation thereof.

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4.3 Landlord may withhold any portion of the security deposit as is reasonably necessary for the

following conditions:

a. To remedy any Tenant defaults in the payment of rent or of any other funds due to

Landlord pursuant to this Agreement.

b. To restore the Condominium to the condition it was at the commencement of this

Agreement, normal wear and tear excepted.

THIS IS AN 11-PAGE DOCUMENT.