November 4, 2004
As a note to anyone selling residential real estate in Minnesota…
The statute that requires disclosure of material facts about the property has been broadened to include all features “not directly associated with the physical condition of the property”.
The intent of the change may be clearer in this explanation:
The difference between the initial law and the new change includes material facts that a prospective buyer would want to know that are not directly associated with the physical condition of the property. (e.g., an expansion of a road that is adjacent to the property or the expansion of an airport runway that would allow air traffic to flow over the property.)”