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Updated over 6 years ago on . Most recent reply

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Bowman Klinkenberg
  • Rental Property Investor
  • Minneapolis, MN
9
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MN lease recommendations?

Bowman Klinkenberg
  • Rental Property Investor
  • Minneapolis, MN
Posted

I've seen two leases that are supposed to be popular for MN - the MN Bar Assoc. standard lease and the MN MHA lease. Does anyone have a recommendation between these options for Minnesota and specifically Minneapolis, or do you prefer to use a different lease? Thanks for any advice!

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688
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Amber Gonion
  • Real Estate Broker
  • Hugo, MN
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688
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Amber Gonion
  • Real Estate Broker
  • Hugo, MN
Replied

@Bowman Klinkenberg I think both leases are very good.  The more important thing to remember is that each property is unique and may need addendums,  there is no one lease fits all.  @Tim Swierczek may have an addendum to his lease detailing issues arising from issues with students that rent rooms and the rental liability for each, subletting, and co-signers for properties around the U of M.  For a suburban property emphasis on restricting the number of cars that are allowed on the property.  A three bedroom home ending a lease anytime other than the summer months.  These are examples for each type of property that may be important for one and not for the others.  More so whichever lease that is used good strong rental criteria and adherence all terms by the landlord and not allowing tenants to slide is the best way to not need the lease in court.  

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