When it comes to renting property in Minnesota, it`s important to have a clear understanding of the terms of your rental agreement. One type of rental agreement that is commonly used is the verbal rental agreement.
A verbal rental agreement is an agreement between a landlord and tenant that is made orally. While this type of agreement is not as formal as a written agreement, it is still legally binding in the state of Minnesota.
While verbal rental agreements may seem easy and convenient, they can lead to misunderstandings and disputes between landlords and tenants. Therefore, it is important to have a clear understanding of what is being agreed upon in a verbal rental agreement.
Under Minnesota law, a landlord is required to provide a written lease agreement to a tenant if the rental period is for more than one year. However, if the rental period is for a shorter time, a verbal agreement is allowed. It is important to note that even though a written lease agreement may not be required, it is still recommended to have one in order to avoid any potential disputes.
In a verbal rental agreement, it is important to clearly define the terms of the lease, including the rental amount, due date, security deposit, and length of the rental period. Additionally, it is important to discuss any rules or regulations that the landlord may have, such as a no-pet policy or smoking restrictions.
Once the terms of the rental agreement have been agreed upon, it is important for both the landlord and tenant to keep a record of the agreement. This can be done by sending an email or text message confirming the details of the agreement, or by recording the conversation.
In the event of a dispute, a verbal rental agreement can be difficult to prove in court. Therefore, it is recommended to have a written agreement to avoid any potential misunderstandings or legal issues down the line.
In conclusion, while verbal rental agreements are allowed in Minnesota, it is important to thoroughly discuss and document the terms of the agreement to avoid any potential misunderstandings or disputes. A written lease agreement is recommended to ensure that both the landlord and tenant are on the same page and to provide legal protection in case of any future issues.
