Minnesota Notice of Intention to Exercise Option

State:
Multi-State
Control #:
US-OL24016
Format:
Word; 
PDF
Instant download

Description

This office lease form states that the tenant shall exercise its option to renew this lease upon written notice given to the landlord no less than eighteen (18) months before the end of the lease term.

How to fill out Notice Of Intention To Exercise Option?

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FAQ

Minnesota's security deposit law states that a landlord has 21 days to return the unused portion of the security deposit, and this includes interest. They must also provide an itemized list of the damages, which must be sent by certified mail to the tenant.

Entry by landlord. Except as provided in subdivision 4, a landlord may enter the premises rented by a residential tenant only for a reasonable business purpose and after making a good faith effort to give the residential tenant reasonable notice under the circumstances of the intent to enter.

345.75 ABANDONED TANGIBLE PERSONAL PROPERTY. If property has not been removed within six months after it comes into the possession of a person, it is abandoned and shall become the property of the person in possession, after notice to the prior owner.

Under Minnesota Statute 504B, your landlord is required to provide you with a dwelling unit that is safe, sanitary, and habitable. If your unit does not meet these requirements, you may have options such as withholding rent or terminating your lease.

2. Timeline Lease Agreement / Type of TenancyNotice to ReceiveWeek-to-week7-Day Notice to QuitMonth-to-month30-Day Notice to QuitOther tenanciesDuration between rental payments or 3 months, whichever is shorter

A 24-hour notice is probably ?reasonable? in most situations. The notice does not have to be in writing. If a landlord enters your home without notice while you are out, they have to leave a note in a place where you will see it.

Right To Privacy. A landlord may not enter your apartment unless they have a business reason to enter AND they have given you notice. This rule does not count in an emergency. You should not make it hard for the landlord to enter if they need to make repairs.

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Minnesota Notice of Intention to Exercise Option