Minnesota Well Disclosure Statement Form Fill Out and
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People also ask
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Is Minnesota a disclosure state?
Minnesota law specifies that the seller of a residential property must make a written disclosure to the prospective buyer that includes all “material facts of which the seller is aware that could adversely and signNowly affect 1) an ordinary buyer's use and enjoyment of the property, or 2) any intended use of the ...
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Who is required to fill out a property condition disclosure form in Minnesota?
State law requires Minnesota home sellers to either make disclosures about the house's condition to buyers, give them an inspection report, or agree with the buyers to waive these legal requirements.
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Who has primary responsibility for disclosing the condition of a property?
App. 4th 1534, 1545. In California, the seller of a residence has both a common law and statutory duty of disclosure to the buyer, and even full compliance with the statutory duty does not excuse the common law duty.
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What is the statute of well disclosure in Minnesota?
(a) Before signing an agreement to sell or transfer real property, the seller must disclose in writing to the buyer information about the status and location of all known wells on the property, by delivering to the buyer either a statement by the seller that the seller does not know of any wells on the property, or a ...
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What is the statute 1031.235 in Minnesota?
Minnesota Statute 1031.235 requires the seller of any property to provide information to the buyer and the State of Minnesota about the location and status of all wells on the property.
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Who should fill out the seller's disclosure of property condition quizlet?
Can an agent/broker fill out the seller's disclosure form for them? No - the seller is responsible for filling out a seller's disclosure statement. If the seller ask the agent to complete the form, the agent must inform them that they are unable to do so, but the agent can help with any questions the seller may have.
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What needs to be disclosed when selling a house in MN?
ing to Minnesota Statutes § 513.55, the seller should disclose “all material facts that he is aware of that could adversely and signNowly affect: an ordinary buyer's use and enjoyment of the property; or, any intended use of the property of which the seller is aware”.
Get more for Minnesota Well Disclosure Statement Form Fill Out And
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