Contracts
The Minnesota Seller's Property Disclosure Statement is required for:
AAll commercial property sales
BResidential properties of four or fewer units✓ Correct
COnly new construction homes
DProperties in flood zones only
Explanation
Minnesota requires a Seller's Property Disclosure Statement for sales of residential real property of four or fewer units. It covers the physical condition of the property including roof, foundation, mechanical systems, environmental issues, and known defects.
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