Minnesota Condominium Purchase Agreement
The Minnesota Residential Real Estate purchase and sale agreement is a document that is used to formalize an offer to purchase real estate. The written agreement must contain the amount offered by the buyer, how he can finance the purchase and the duration during which his offer is open. State law requires the buyer to receive a disclosure of all defects or deterrents that the domicile has. This written statement must be given to potential buyers before a written agreement is reached. If the buyer and seller agree to both terms, both must sign the contract to formalize the sale. Lead-based color disclosure – If the residence was built before 1978, the seller must provide the buyer with written information describing their knowledge of the use of lead-based paint on the land (if applicable). The purchase of a housing service contract is optional. Similar coverage can be obtained by different companies that have the right to carry out operations in the state. C. The certificate of resale of the co-ownership of the condominiums (the association) is called “certificate”.
The certificate must be issued by the State or required by the parties. C. Unless expressly prohibited by a written agreement, the Seller may continue to display the property and receive, negotiate and accept return offers. 22. AGREEMENT OF THE PARTIES: This contract contains the entire agreement of the parties and can only be modified by their written agreement. 8. BROKERAGE FEES: All obligations of the parties to pay brokerage fees are included in separate written agreements. A.
Cash share of the sale price to be paid by the buyer at closing …….. $___ . . .