Need a Property Rentals Contract in Minnesota? AroundWire Can Help

Property rental contracts in Minnesota are governed by a combination of state statutes (notably Minn. Stat. §§ 504B and 504), local ordinances, and common law principles. Typical contracts must clearly outline lease terms, rent amounts, security deposit conditions (with a statutory limit on withholding and a 3% interest requirement on deposits), maintenance responsibilities, and termination procedures. State law mandates disclosure of the property owner or agent and requires compliance with local licensing or registration for rental properties in many municipalities, particularly in Minneapolis and St. Paul. Insurance requirements typically include general liability coverage for landlords and may require renters to carry personal property insurance. Contracts should address risk factors such as property damage, casualty loss, and compliance with health and safety codes. Payment terms usually specify due dates, late fee policies (capped by law), and acceptable payment methods. Minnesota law restricts certain lease provisions, such as waivers of the right to withhold rent for unaddressed repairs. Dispute resolution often favors initial mediation or local housing court proceedings, as stipulated in lease agreements. Additionally, fair housing laws at the state and local levels strictly prohibit discrimination. Careful attention to these statutory and regulatory elements is essential for enforceable, compliant rental agreements in Minnesota.