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Updated July 09, 2022

A Minnesota residential real estate purchase and sale agreement  is a legal document used by a buyer to make an offer to purchase real estate from a willing seller. The agreement must include the amount that the buyer is offering, how it will be paid, and how long the offer is valid. bbin电竞官网官方永久 law demands that the purchaser is provided with a disclosure of any defects or deterrents that the residence has. This written statement must be given to potential buyers before any written agreement is made. If the buyer and seller both agree to the terms, they must both sign the contract to make the sale official.

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bbin电竞官网官方永久 BAR Version

Minnesota bbin电竞官网官方永久 BAR Version

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Required Disclosures

Lead-Based Paint Disclosure  – If the residence was built prior to 1978, the seller must give the purchaser a written disclosure that describes their knowledge regarding the use of lead-based paint on the property (if any).

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Seller’s Property Disclosure bbin电竞官网官方永久ment  ( § 513.55 ) – Known as “ Real Property Form No. 15,” t he seller of the property must give the buyer a written disclosure that lists any problems with the residence. The law states that the seller must make this written disclosure in “good faith.”

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Commercial Property

Commercial Purchase Agreement Use as a legal contract for buying and selling commercial property.

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