Minnesota Commercial Lease Agreement

• This lease is a triple net lease to the landlord, which means that the tenant pays for everything to do with the premises including structural repairs.
• The tenant has an option to renew the lease for an additional term.
• The tenant will pay all expenses, taxes, levies, and charges with respect to the premises, except for the landlord's income taxes.
• The tenant is responsible for carrying fire and extended coverage insurance.
• The tenant is responsible for all alterations, improvements, maintenance and repairs.
• Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
• The tenant accepts the lease subordinate to any mortgage or other lien.
• The tenant must provide an estoppel certificate on request by the landlord.

This Guaranty secures a corporate tenant's performance of a commercial lease in Minnesota, including payment of rent.

• The guaranty is unconditional and continuing, which means that it stays in effect until the end of the lease term and any renewals or extensions.
• The guarantor is someone with a material interest in the business, such as a shareholder or partner.
• A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
• The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.

Cancel a lease for office or retail space with this Mutual Cancellation of Commercial Lease form for Minnesota rental premises.

• This agreement is for commercial tenants only. A different form is required for residential properties.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• The cancellation of the lease extinguishes all the rights and obligations of the parties under the lease, except for those which accrue prior to the termination date.
• Available in MS Word format.
• Intended to be used only in the State of Minnesota.

Sublet all or part of your leased business space to a subtenant with this Minnesota Commercial Sublease Agreement.

• The Sublease can be used for office, retail shopping or other business premises.
• The subtenant pays the security deposit and the rent to the original tenant, who in turn pays the landlord.
• The original tenant must still perform its obligations under the head lease for the duration of the lease term.
• The original tenant assigns its interest in the sublease to the landlord.
• The original tenant directs the subtenant to pay rent directly to the landlord if the original tenant defaults in any of its obligations under the head lease.
• Available in MS Word format.
• Intended for use only in the State of Minnesota.