A Minnesota property disclosure statement is a written account of a home’s condition that is required to be provided to any buyer before the closing of a real estate purchase. This type of document is intended to ensure potential buyers are made aware of material facts concerning the property that may significantly affect its everyday use or safety of the occupants. The disclosure may include information concerning contamination from hazardous materials, underground oil storages, flooding, or whether pets have been a part of the household.
A Minnesota property disclosure statement is a written account of a home’s condition that is required to be provided to any buyer before the closing of a real estate purchase. This type of document is intended to ensure potential buyers are made aware of material facts concerning the property that may significantly affect its everyday use or safety of the occupants. The disclosure may include information concerning contamination from hazardous materials, underground oil storages, flooding, or whether pets have been a part of the household.
Laws – § 513.55
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