Contracts
In Minnesota, a buyer's inspection contingency typically allows the buyer to:
ADemand any repairs discovered during inspection
BCancel the contract or negotiate repairs/credits if the inspection reveals unsatisfactory conditions, within the contingency period✓ Correct
CInspect the property unlimited times after closing
DRequire the seller to warrant all systems for one year after closing
Explanation
A typical Minnesota inspection contingency allows the buyer to have the property inspected and, if the results are unsatisfactory, to cancel the purchase agreement and recover earnest money, or to negotiate repairs or price reductions. The buyer must act within the specified contingency period.
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