A Minnesota rent-to-own lease agreement functions as a traditional agreement between a landlord and tenant for the lease of property, while also including an option for the tenant to purchase the property. As is the case with a standard lease agreement, the provisions can be negotiated by the parties, subject to applicable state laws. The purchase the property is traditionally included as a separate, additional section of the lease agreement.

Seller’s Disclosures

If the lease becomes a purchase agreement, the landlord must make the following disclosures.

Lead-Based Paint Disclosure – This is required if the property contains a dwelling unit that was built before 1978.

Download: Adobe PDF

Property Disclosure Statement – Under  § 513.55 of the Minnesota Statutes, owners are required to disclose material information to buyers ahead of a sale.

Download: Adobe PDF