When it comes to renting a property, it is important to have a rental agreement in place between the landlord and tenant. In Minnesota, a basic rental agreement outlines the terms and conditions of the tenancy and protects the rights of both parties.

Here are some key elements that should be included in a basic rental agreement in Minnesota:

1. Names of parties involved: The rental agreement should clearly state the names of the landlord and tenant, along with their contact information.

2. Property description: The rental agreement should include a description of the property being rented, including the address and any specific details about the unit.

3. Rent amount and due date: The rental agreement should state the amount of rent being charged and when it is due each month. It should also outline any late fees or penalties for late payment.

4. Security deposit: The rental agreement should specify the amount of the security deposit required and how it will be used. It should also state the conditions for refunding the deposit at the end of the tenancy.

5. Lease term: The rental agreement should state the length of the lease term, whether it is a month-to-month agreement or a fixed-term lease.

6. Utilities and other expenses: The rental agreement should specify which utilities and expenses are included in the rent and which are the responsibility of the tenant.

7. Maintenance and repairs: The rental agreement should outline the responsibilities of the landlord and tenant for maintenance and repairs of the property.

8. Rules and regulations: The rental agreement should state any rules and regulations for the property, such as noise restrictions or pet policies.

9. Termination of tenancy: The rental agreement should outline the conditions for terminating the tenancy, including notice requirements.

10. Signature and date: The rental agreement should be signed and dated by both the landlord and tenant to indicate agreement to the terms and conditions outlined.

In summary, a basic rental agreement in Minnesota should include the names of parties involved, property description, rent amount and due date, security deposit, lease term, utilities and other expenses, maintenance and repairs, rules and regulations, termination of tenancy, and signature and date. Having a clear and comprehensive rental agreement in place can help prevent misunderstandings and disputes between landlords and tenants.