Condos, townhomes, and other HOAs are usually part of what is called a Common Interest Community (CIC). Minnesota statute requires that sellers provide certain documentation to the buyer when the property being sold is part of a CIC. Sellers can request the association management company to provide the required documents to furnish the buyer.
It can take 7-10 days to get the documents from the association and once the buyer has received the docs from the seller, the buyer has a ten-day rescission period to review the documents.
Where Can I Get A Copy of the Disclosure Form?
There are two ways to get this form:
- The Minnesota Bar publishes a set of residential real estate forms, including contracts and disclosures. These forms are available for free on their website, you just need to sign up and take a short survey.
- The Minnesota Association of Realtors publishes the disclosure form. We will provide you a copy of the form, and any other Minnesota disclosure, for free when you list on the MLS through us for a one-time fee of $95.
Include Your Disclosures on Your MLS Listing
When you list your home on the MLS with homecoin.com for a one-time fee of $95, we will upload your disclosures directly in your MLS listing, so you can easily comply with Minnesota law. Learn more about our flat fee MLS service here: https://homecoin.com/flat-fee-mls/minnesota