Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
336.2A-507 PROOF OF MARKET RENT; TIME AND PLACE.
(1) Damages based on market rent (section 336.2A-519 or 336.2A-528) are determined
according to the rent for the use of the goods concerned for a lease term identical to the remaining
lease term of the original lease agreement and prevailing at the times specified in sections
336.2A-519 and 336.2A-528.
(2) If evidence of rent for the use of the goods concerned for a lease term identical to
the remaining lease term of the original lease agreement and prevailing at the times or places
described in this article is not readily available, the rent prevailing within any reasonable time
before or after the time described or at any other place or for a different lease term which in
commercial judgment or under usage of trade would serve as a reasonable substitute for the one
described may be used, making any proper allowance for the difference, including the cost of
transporting the goods to or from the other place.
(3) Evidence of a relevant rent prevailing at a time or place or for a lease term other than the
one described in this article offered by one party is not admissible unless and until the party has
given the other party notice the court finds sufficient to prevent unfair surprise.
(4) If the prevailing rent or value of any goods regularly leased in any established market is
in issue, reports in official publications or trade journals or in newspapers or periodicals of general
circulation published as the reports of that market are admissible in evidence. The circumstances
of the preparation of the report may be shown to affect its weight but not its admissibility.
History: 1989 c 232 art 1 s 2A-507; 1991 c 171 art 1 s 11
(1) Damages based on market rent (section 336.2A-519 or 336.2A-528) are determined
according to the rent for the use of the goods concerned for a lease term identical to the remaining
lease term of the original lease agreement and prevailing at the times specified in sections
336.2A-519 and 336.2A-528.
(2) If evidence of rent for the use of the goods concerned for a lease term identical to
the remaining lease term of the original lease agreement and prevailing at the times or places
described in this article is not readily available, the rent prevailing within any reasonable time
before or after the time described or at any other place or for a different lease term which in
commercial judgment or under usage of trade would serve as a reasonable substitute for the one
described may be used, making any proper allowance for the difference, including the cost of
transporting the goods to or from the other place.
(3) Evidence of a relevant rent prevailing at a time or place or for a lease term other than the
one described in this article offered by one party is not admissible unless and until the party has
given the other party notice the court finds sufficient to prevent unfair surprise.
(4) If the prevailing rent or value of any goods regularly leased in any established market is
in issue, reports in official publications or trade journals or in newspapers or periodicals of general
circulation published as the reports of that market are admissible in evidence. The circumstances
of the preparation of the report may be shown to affect its weight but not its admissibility.
History: 1989 c 232 art 1 s 2A-507; 1991 c 171 art 1 s 11
Official Publication of the State of Minnesota
Revisor of Statutes