Property Management
In Minnesota, a lease for residential property must include which of the following to be valid?
AA specific rent amount and the identity of the parties✓ Correct
BA 30-year term
CA property manager's license number
DA notary acknowledgment
Explanation
A valid residential lease in Minnesota must identify the parties (landlord and tenant), describe the property, specify the rent, and establish the lease term. While leases should be in writing, verbal month-to-month leases may also be enforceable.
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