Contracts
A Minnesota purchase agreement that is subject to a well and septic inspection requires the buyer to:
AAccept the property regardless of inspection results
BHave the well and septic system inspected and, if they fail standards, negotiate repairs or cancel the contract✓ Correct
CInstall a new well and septic system before closing
DOnly inspect the septic system if it is more than 20 years old
Explanation
In rural Minnesota, well and septic contingencies are common because private water and sewer systems must meet state standards. If the systems fail to meet Minnesota Department of Health (for wells) or county standards (for septic), the buyer and seller typically negotiate repairs, replacement, or price adjustments, or the buyer may cancel the contract.
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