§ 515A.4-101 Applicability; Waiver
§ 515A.4-102 Disclosure Statement; General Provisions
§ 515A.4-104 Same; Conversion Condominiums
§ 515A.4-106 Purchaser’s Right to Cancel
§ 515A.4-107 Resales of Units
§ 515A.4-1075 Purchaser’s Right to Cancel
§ 515A.4-108 Escrow of Deposits
§ 515A.4-109 Release of Interests as Security for an Obligation
§ 515A.4-110 Conversion Condominiums
§ 515A.4-111 Express Warranties
§ 515A.4-112 Implied Warranties
§ 515A.4-113 Exclusion or Modification of Implied Warranties
§ 515A.4-114 Statute of Limitations for Warranties
§ 515A.4-115 Effect of Violations On Rights of Action; Attorney’s Fees
§ 515A.4-116 Labeling of Promotional Material
§ 515A.4-117 Declarant’s Obligation to Complete and Restore
§ 515A.4-118 References
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Terms Used In Minnesota Statutes > Chapter 515A > ARTICLE 4 - Protection of Purchasers

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Minor: means an individual under the age of 18. See Minnesota Statutes 645.451
  • Month: means a calendar month and "year" means a calendar year, unless otherwise expressed; and "year" is equivalent to the expression "year of our Lord. See Minnesota Statutes 645.44
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Service of process: The service of writs or summonses to the appropriate party.
  • state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
  • Violate: includes failure to comply with. See Minnesota Statutes 645.44