A Minnesota Lease Agreement is a form used to protect owners from liability while renting out empty real estate. Signing a lease agreement is one of the final steps in the leasing process, usually after a tenant has been admitted to the rental after verification with a rental application. States are often distinguished by the main rental and leasing requirements. For example, some states may post a deposit to the owner, while others do not require a deposit. If you become familiar with your Minnesota`s specific policies and distinctions, you can better protect your legal and financial rights. In accordance with article 504B.211, the lessor must give at least “reasonable notice” before entering the property to be rented by the tenant. Late fees are only allowed if this has been agreed in the rental agreement.