A Minnesota commercial lease agreement allows a tenant to rent a non-residential property from its landlord for business use. Prior to entering an official contract, landlords may require potential tenants to undergo background checks. New businesses with minimal financial history are often asked to complete a personal guarantee, which embraces a co-signer (known as a “guarantor”) who shall assume certain liability for the tenant and their business. All parties involved in the lease must sign the document into effect upon reaching mutual terms. Tenants must seek any zoning or government-issued permits after the lease is signed but before taking possession.
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RentalLeaseAgreements.com Version
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