Minnesota statute requires that, among other things, before signing an agreement to sell or transfer real property, the seller must disclose in writing to the buyer information about the status and location of all known wells on the property.
The seller completes this disclosure 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 drawn from available information showing the location of each well to the extent practicable. In the disclosure statement, the seller must indicate, for each well, whether the well is in use, not in use, or sealed.
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