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A Minnesota commercial lease agreement is a form to be completed by a property owner/manager when agreeing to let an individual or business occupy space for rent paid on a monthly basis. The lessor will typically check the tenant’s credentials with a rental application before authorizing in order to ensure the business, and its principal(s), are financially stable and credible to pay rent on time. If the tenant is a business entity, the lessor can check with the Secretary of State’s office to verify that the company is valid.
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