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10 <br />12 <br />u <br />6 <br />I <br />IS <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />42 <br />4, <br />M.S.B.A. Real Property Form No. 15 (2004) <br />CONDITION OF THE PROPERTY <br />PAGE 2 of 9 <br />Seller: If you are using M.S.B,A. Real Property Form No. 1 Minnesota Standard Residential <br />Purchase Agreement (©2004) skip this section on "Compliance With Statute." It duplicates <br />Paragraph 10., of your purchase agreement. <br />COMPLIANCE WITH STATUTE <br />Seller and Buyer may agree to inspections conducted by Buyer regardless of how Seller and Buyer <br />decide to comply with this disclosure law. If Buyer wants an inspection, the purchase agreement <br />should include provisions for a Buyer- obtained inspection. <br />Pursuant to Minnesota Statutes sections 513.52 - 513.60 (effective January 1, 2003), to comply with the <br />statute: Seller must provide a written disclosure [see (1) below], or Buyer must have received an <br />inspection report [see (2) below], or Buyer and Seller may waive the written disclosure requirements [see <br />(3) below]. This compliance is for Seller's real property located at [street address]: <br />[SELECT ONLY ONE OF THESE THREE:J <br />[2<] (1) Seller's Disclosure. Seller is providing a written disclosure to Buyer. Seller's disclosure is <br />included in this form on page 3. Seller shall correct in writing any inaccuracies in the disclosure <br />as soon as reasonably possible before closing <br />HI (2) Inspection Report. [If (2) is selected, pages 3 -8 of this form may be discarded.] Buyer has <br />received an inspection report by a qualified third -party. If a copy of the inspection report is <br />provided to Seller, Seller shall disclose to Buyer material facts known to Seller that contradict <br />any information in the inspection report. Seller's disclosure of contradictory information is <br />below on page 2 of this form. <br />[_1 (3) Waiver of Disclosure. [If (3) is selected, pages 3 -8 of this form may be discarded.] <br />By signing here, Seller and Buyer waive the written disclosure and inspection report <br />required under sections 513.52 to 513.60. <br />DO NOT SIGN HERE UNLESS WAIVER IS SELECTED. <br />SELLER: BUYER: <br />SELLER: BUYER: <br />SELLER'S DISCLOSURE OF CONDITIONS <br />CONTRADICTORY TO THE INSPECTION REPORT <br />If a copy of the inspection report has been provided to Seller, Seller discloses to Buyer material facts <br />known by Seller that contradict any information included in the written inspection report: <br />[Use additional sheets if necessary] <br />NOTICE REGARDING PREDATORY OFFENDERS: Information about the predatory offender <br />registry and persons registered with the registry may be obtained by contacting the local law <br />enforcement agency or by contacting the Minnesota Department of Corrections at 651 - 642 -0200 <br />or at http: / /www.doc.state.mn.us. 2 2 <br />- <br />