Minnesota § 515A.4-1075 515A.4-1075 PURCHASER'S RIGHT TO CANCEL.

Minnesota Statutes

§ 515A.4-1075 — 515A.4-1075 PURCHASER'S RIGHT TO CANCEL.

Minnesota § 515A.4-1075

PartPROPERTY AND PROPERTY INTERESTS

Ch. 515AUNIFORM CONDOMINIUM ACT

This text of Minnesota § 515A.4-1075 (515A.4-1075 PURCHASER'S RIGHT TO CANCEL.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 515A.4-1075 (2026).

Text

(a)The information required to be delivered by section515A.4-107shall be delivered to a purchaser not later than the date of any purchase agreement. Unless a purchaser is given the information more than 15 days prior to the execution of the purchase agreement for the unit the purchaser may, prior to the conveyance, cancel the agreement within 15 days after receiving the information.

(b)A purchaser who elects to cancel a purchase agreement pursuant to subsection (a), may do so by hand delivering notice thereof to the seller or the seller's agent or by mailing notice thereof by postage prepaid United States mail to the seller or the agent. Cancellation is without penalty and all payments made by the purchaser shall be refunded promptly.

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(a) The information required to be delivered by section515A.4-107shall be delivered to a purchaser not later than the date of any purchase agreement. Unless a purchaser is given the information more than 15 days prior to the execution of the purchase agreement for the unit the purchaser may, prior to the conveyance, cancel the agreement within 15 days after receiving the information.
(b) A purchaser who elects to cancel a purchase agreement pursuant to subsection (a), may do so by hand delivering notice thereof to the seller or the seller's agent or by mailing notice thereof by postage prepaid United States mail to the seller or the agent. Cancellation is without penalty and all payments made by the purchaser shall be refunded promptly.