The Minnesota month-to-month lease agreement dedicates a written accord describing the conditions and rights allotted when renting a residence in exchange for financial compensation. The convenience provided by a month-to-month, or “tenancy at will” lease allows the flexibility to terminate the contract with advance notice of one month prior. In contrast, definite term leases result in both parties being held to the agreement for an amount of time that is typically for a longer length of time. Minnesota Legislature mandates that rental properties classified as a tenancy at will require that the landlord or tenant give written notification to discontinue the lease at least one month in advance (§ 504B.135).
The document allocated to record the facts of the arrangement can be drafted to fit the demands of the landlord and tenant. There is allocated space to report the names of the lessor and lessee, property address, lease term, rental payment amount, and security deposit. Additional provisions allow registration of the rules for building use to be included along with any other utilities or expenses for which the tenant will be responsible. Once the document meets the expectations of the associated parties, the involved individuals and can sign and date the paperwork to confirm the arrangement.