Must sellers complete the disclosure?

In most residential transactions sellers complete a disclosure to document known property conditions; contract terms and state law determine exact obligations. Consult the sales contract and applicable state disclosure statutes for requirements.

Can the statement be signed electronically?

Yes. Electronic signatures are valid under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted. Ensure consent, signer attribution, and reliable retention to meet legal validity tests.

Is notarization required?

Not typically for seller disclosure forms unless a specific county, lender, or title company asks for an acknowledged signature. When notarization is required, remote online notarization may be allowed per state RON rules.

What if new defects are found before closing?

Update the disclosure and re-deliver the signed amendment to buyers and agents. Material changes should be documented in writing and may affect buyer remedies or closing conditions.

How should signed disclosures be stored?

Retain electronic or paper originals in a secure system with access logs. Follow federal baselines (e.g., IRS three-year guidance) and any longer state or industry retention obligations.

How do I correct a mistake on a signed disclosure?

Prepare a signed addendum or corrected disclosure with a clear statement of the correction, the reason, and signatures by the same parties. Keep both versions for the transaction record.

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Minnesota Disclosure Statement

Minnesota Disclosure Statement

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WELL DISCLOSURE STATEMENT

Date

Page 1 of Pages: THE REQUIRED MAP IS ATTACHED HERETO AND MADE A PART HEREOF

Minnesota Statutes Sec. 103I.235 requires that before signing an agreement to sell or transfer real property, the Seller must disclose information in writing to the Buyer about the status and location of all known wells on the property. This requirement is satisfied 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 disclosure statement indicating the legal description and county, and a map showing the location of each well. In the disclosure statement the Seller must indicate, for each well, whether the well is in use, not in use or sealed.

Unless the Buyer and Seller agree to the contrary, in writing, before the closing of the sale, a Seller who fails to disclose the existence or known status of a well at the time of sale and knew or had reason to know of the existence or known status of the well, is liable to the Buyer for costs relating to sealing of the well and reasonable attorney fees for collection of costs from the Seller, if the action is commenced within six years after the date the Buyer closed the purchase of the real property where the well is located.

Legal requirements exist relating to various aspects of location and status of wells. Buyer is advised to contact the local unit(s) of government, state agency, or qualified professional which regulates wells for further information about these issues.

Instructions for completion of this form are on the reverse side.

PROPERTY DESCRIPTION

Street address:

City

County

LEGAL DESCRIPTION

WELL DISCLOSURE STATEMENT

(CHECK THE APPROPRIATE BOX.)

The Seller certifies that the Seller does not know of any wells on the above described real property.

(If this option is checked, then skip to the last line and sign and date this statement.)

The Seller certifies that the following wells are located on the above described real property.

Well	MN Unique Well No.	Depth	Year Of Const.	Well Type	IN USE	NOT IN USE	SEALED
Well 1
Well 2
Well 3

NOTE: See definition of terms "IN USE," "NOT IN USE," and "SEALED" on lines 82-88.

If a well is not in use, it must be sealed by a licensed well contractor or a well owner must obtain a maintenance permit from the Minnesota Department of Health and pay an annual maintenance fee. If a well is operable and properly maintained, a maintenance permit is not required.

SEALED WELL INFORMATION

For each well designated as sealed above, complete this section.

When was the well sealed?

Who sealed the well?

Was a Sealed Well Report filed with the Minn. Dept. of Health? Yes No Unknown

MAP

Complete the attached MAP showing the location of each well on the real property.

This disclosure is not a warranty of any kind by the Seller(s) or any Agent(s) representing any Party(s) in this transaction, and is not a substitute for any inspections or warranties the Party(s) may wish to obtain.

CERTIFICATION BY SELLER

I certify that the information provided above is accurate and complete to the best of my knowledge.

BUYER’S ACKNOWLEDGEMENT

ORIGINAL COPY TO LISTING BROKER; COPIES TO SELLER, BUYER, SELLING BROKER

What the Minnesota Disclosure Statement Is and when it applies

The Minnesota Disclosure Statement is a seller-provided form used in residential real estate transactions to disclose known material facts about a property's condition, environmental hazards, and other items affecting value or habitability. It documents seller knowledge of defects, structural or mechanical issues, and known legal or regulatory conditions that might influence a buyer's decision. While formats vary, the statement is intended to improve transparency between sellers, buyers, and agents and to create a written record that parties can rely on during negotiation and closing.

Why a clear, accurate disclosure matters

A complete Minnesota Disclosure Statement reduces closing disputes and supports informed buyer decisions by recording known property conditions. Properly completed disclosures also help agents and sellers meet professional and legal expectations for transparency.

Who typically completes and relies on this statement

The form is primarily completed by the seller and shared with prospective buyers and their agents early in the sales process.

Sellers and listing agents — complete disclosures and answer buyer follow-ups during marketing and negotiation.
Buyers and buyers' agents — review disclosures to assess property condition and ask for inspections or repairs.
Closing professionals and attorneys — use disclosures to identify known issues that affect contract terms and closing deliverables.

Keep a signed copy with closing documents and provide updated disclosures if new material facts arise before closing.

Essential information the Minnesota Disclosure Statement contains

Property Address: Full street address and unit number

Seller Name: Legal name(s) as on title

Known Defects: Specific systems or areas with issues

Environmental Hazards: Lead, asbestos, radon, mold, etc.

Past Repairs: Material repairs and dates

Signature Date: Date signed by seller(s)

Step-by-step: completing the Minnesota Disclosure Statement

Follow these sequential steps to complete and deliver an accurate disclosure that supports a smooth sale and minimizes later disputes.

01

1. Gather records: Collect inspection reports, repair invoices, permits, and prior disclosures.
02

2. Answer factually: Disclose known conditions; avoid speculation or legal conclusions.
03

3. Sign and date: Seller signs and dates; match name to title records.
04

4. Deliver promptly: Provide to buyer and agent per contract timelines.

How to configure an online disclosure workflow

A consistent online workflow reduces errors and captures an auditable record for each disclosure transaction.

Field	Configuration
Document Format	Use PDF or DOCX for template stability
Required Fields	Make property, seller, and signature fields mandatory
Authentication	Email link plus SMS or KBA for higher assurance
Audit Trail	Enable IP, timestamp, and action logging

Typical eSubmission and routing flow for a disclosure

Electronic workflows follow predictable steps from upload to final storage; ensure each actor receives the correct version.

Upload: Seller or agent uploads the template with property data
Assign signers: Tag seller, co-seller, and any witnesses or agents
Sign: Sellers execute signatures using chosen authentication
Distribute: Automatically send signed copies to buyer, agent, and closing attorney

Technical considerations when using eSignature platforms

Choose a platform that preserves document integrity, produces an audit trail, and supports the authentication level your transaction needs.

File formats: PDF and DOCX supported
Integrations: CRM and cloud storage connections
Authentication: Email, SMS, KBA, or stronger methods

Ensure the platform you select supports retention, export, and security controls required by your organization and any applicable regulations.

Timing and when to provide the disclosure

Timely delivery of a completed disclosure helps avoid contract contingency issues and supports scheduled inspections and financing steps.

Before offer acceptance:

Provide the disclosure early when possible to inform buyer decisions.

Prior to inspections:

Share disclosure so inspectors can focus on disclosed areas.

Before closing:

Ensure the final signed disclosure is in the closing package.

When facts change:

Update and re-deliver if new material facts arise before closing.

Recordkeeping:

Retain the signed statement according to document retention policies.

Common mistakes to avoid when preparing the disclosure

Leaving fields blank or putting 'unknown' without reasonable inquiry increases dispute risk and may prompt buyer rescission.
Using inconsistent property identifiers (different addresses or parcel numbers) can delay title and closing processes.
Failing to attach supporting reports for known hazards (radon, lead) reduces the value of the disclosure to buyers and inspectors.
Signing without confirming the listed facts or without co-owner signatures may create enforceability issues at closing.

Consequences and risks of inaccurate or missing disclosures

Contract rescission: Buyer may seek to cancel under contract remedies

Repair demands: Buyer can negotiate repairs or credits

Closing delays: Escrow and lender holds while issues resolve

Liability claims: Post-closing claims alleging nondisclosure

Reputational harm: Agent or seller credibility affected

Title complications: Unresolved defects can impede transfer

Key components of a professional Minnesota Disclosure Statement

A well-prepared disclosure is organized, factual, and supplemented by supporting records so recipients can assess the property's condition and risks.

Clear property identification

Precise street address, legal description, and parcel or unit number reduce ambiguity and make linking to title and tax records straightforward.

Comprehensive condition sections

Separate entries for roof, HVAC, plumbing, electrical, foundation, and appliances let buyers and inspectors focus follow-up investigations.

Environmental and hazard disclosures

Dedicated fields for lead, radon, mold, floodplain status, and prior contamination help determine required tests and remediation history.

Repair and renovation history

Dates, contractor names, permits, and invoices for material repairs are critical for warranty and liability analysis.

Material legal or title items

Encroachments, easements, pending assessments, and zoning exceptions should be noted or referenced to supporting documents.

Signature and attestation

Seller attestation, date, and signature (and co-seller signatures) create the formal record relied on in closing and post-closing review.

eSignature vendor comparison for executing disclosure statements

Comparing common vendor features and starting prices for secure eSignature and workflow delivery; signNow appears first per vendor ordering rules.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial	No	No	Yes, limited	Yes, limited
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No
Envelope Cap	No envelope cap	100 envelopes/user/year	Varies by plan	Varies by plan	Varies by plan

Frequently asked questions about the Minnesota Disclosure Statement

Answers to common questions about execution, eSigning, updates, and recordkeeping for the Minnesota Disclosure Statement.

Need help? Contact support

Must sellers complete the disclosure?
In most residential transactions sellers complete a disclosure to document known property conditions; contract terms and state law determine exact obligations. Consult the sales contract and applicable state disclosure statutes for requirements.
Can the statement be signed electronically?
Yes. Electronic signatures are valid under the federal ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted. Ensure consent, signer attribution, and reliable retention to meet legal validity tests.
Is notarization required?
Not typically for seller disclosure forms unless a specific county, lender, or title company asks for an acknowledged signature. When notarization is required, remote online notarization may be allowed per state RON rules.
What if new defects are found before closing?
Update the disclosure and re-deliver the signed amendment to buyers and agents. Material changes should be documented in writing and may affect buyer remedies or closing conditions.
How should signed disclosures be stored?
Retain electronic or paper originals in a secure system with access logs. Follow federal baselines (e.g., IRS three-year guidance) and any longer state or industry retention obligations.
How do I correct a mistake on a signed disclosure?
Prepare a signed addendum or corrected disclosure with a clear statement of the correction, the reason, and signatures by the same parties. Keep both versions for the transaction record.

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