contracts
Minnesota Seller's Disclosure Law
Minn. Stat. §§513.52 to 513.61 require a seller of single-family residential property, including condominium units, to disclose in writing, before signing an agreement to sell, all known material facts that could adversely and significantly affect an ordinary buyer's use and enjoyment of the property. It covers contracts for deed and lease-options. Delivery to the buyer's licensee counts as delivery to the buyer. A seller who fails to disclose is liable, and the action must be commenced within two years after closing.
- Exam tip
- The suit deadline is two years after closing, and new homes that have not been inhabited are exempt.
- Example
- A seller knows the basement floods every spring but leaves it off the form; the buyer discovers it after closing and has two years to sue.
Related terms & state variants
Sources
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Last verified: 2026-10-23