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Minnesota Real Estate Purchase Agreement Template

A Minnesota purchase agreement outlines the terms, price, and conditions of a residential real estate transaction. It details essential deadlines, financing contingencies, and the responsibilities of each party. 

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Last updated April 10th, 2026

A Minnesota purchase agreement outlines the terms, price, and conditions of a residential real estate transaction. It details essential deadlines, financing contingencies, and the responsibilities of each party. 

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Realtor Version

Minnesota State Bar Association (2016)

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Required Disclosures (12)

1.) Airport Zoning: Sellers must provide a written notice informing buyers that the property may be subject to airport safety regulations and directing them to the local office of the county recorder for further details (§ 513.56).

2.) Common Interest Community Resale: Sellers of units in a Common Interest Community (HOA, condo, or co-op) must provide a disclosure certificate detailing the association’s rules and fees ((§ 515B.4-101). A full list of Minnesota’s CIC disclosure requirements can be found in § 515B.4-102.

3.) Condition of the Property Disclosure (RPF15): Sellers must provide a written statement of all known issues that could significantly and adversely affect an ordinary buyer’s use or enjoyment of the property (§ 513.55). Sellers can also use the Minnesota Realtors SPDS form to satisfy several mandatory disclosures, including property condition, in a single document.

4.) Contract for Deed Disclosure: A “multiple seller” (someone who has sold 4+ properties via contract for deed in a year) must provide a specific statutory notice to the buyer ten days before execution (§ 559A.02). The document outlines the buyer’s lack of traditional mortgage protections.

5.) Real Property Contaminated with Hazardous Substances: If the seller is aware that the property has been used as a site of hazardous waste disposal, they must disclose this information using the affidavit linked in the title (§ 115B.16(2)). The document must be presented to the county recorder for processing.

6.) Lead-Based Paint Disclosure: Sellers of homes built before 1978 must disclose any known lead-based paint hazards and provide buyers with a federally-approved lead hazard information pamphlet (42 U.S.C. § 4852d).

7.) Methamphetamine Production: The seller must disclose whether methamphetamine has ever been produced on the property and the status of any resulting cleanup orders (§ 152.0275(m)).

8.) Radon: This state-provided form records the dwelling’s history of radon testing (§ 144.496(3)). The seller must also provide the buyer with a copy of the Minnesota Department of Health’s “Radon in Real Estate Transactions” publication.

9.) Sewage Treatment System: The seller must disclose the existence, location, and compliance status of any private subsurface sewage treatment systems serving the property (§ 115.55(6)). The Minnesota Pollution Control Agency offers a brief guide on Disclosing SSTS at Property Transfer.

10.) Storage Tanks: The seller must deliver this affidavit, which documents the presence of any underground or above-ground storage tanks, to the county recorder for verification purposes before submitting it to the buyer (§ 116.48(6)).

11.) Valuation Exclusion: Sellers must disclose if a property has an exclusion from market value for home improvements and notify the buyer that taxes will increase upon sale (§ 273.11(18)).

12.) Well Disclosure: Sellers are required to disclose the location and status of all known wells and provide a signed certificate for filing at the time of closing (§ 103I.235).

Optional Disclosures (2)

1.) Seller’s Property Disclosure Statement (SPDS): This industry-standard document, prepared by the Minnesota Department of Realtors, satisfies the seller’s obligation to disclose all material facts. It also includes several other mandatory and optional (but commonly recommended) disclosures.

2.) The Home Seller’s Handbook: This brochure, provided by the Office of the Minnesota Attorney General, guides residents through the process of selling their residential property.

Sample

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