A lease is a special kind of interest in real property. Contrary to an ownership interest, a lease interest allows a person to use property without actually owning it. A person who leases property generally enters into a contract with the actual owner of the property before being allowed to use the real estate; in Minneapolis, corporate and private citizens lease space for operating businesses, running companies and living with their families.
Leases often run for fixed periods of time, and during the time when the lease begins and when it ends a variety of issues can arise. Conflicts can grow between the tenant or party using the real estate and the landlord who is also known as the property owner. Landlord tenant law covers this particular area of real estate law and is often the place where a person facing a lease dispute starts the investigation for information.
Generally, the landlord-tenant contract will govern a lease dispute. The document should cover basic information, such as the term of the lease, the cost of the lease, the property subject to the lease and who is bound by the lease agreement. It can cover more detailed information as well, such as what types of businesses are permissible to operate out of the property, whether pets are permitted on the property and if the tenant is subject to any special maintenance duties while contracting to use the property.
In many cases a landlord and his tenant will also contract for remedies in the event that either violates the terms of the agreement. Sometimes, the parties to the lease contract can settle their disputes without court intervention. When they cannot, however, litigation is a possible option to resolve landlord-tenant disagreements.
One of the best ways to prevent a landlord-tenant dispute is to have a well-drafted lease agreement. However, many problems arise long after the initial contract is signed and filed away. As with other real estate disputes, litigation can be an option for people facing difficult conflicts with their lease partners and attorneys who practice real estate law can help them decide how and where to file their lease-based lawsuits.