2005 Minnesota Statutes - 515B.4-105 — Common interest community with building once occupied.

     515B.4-105 Common interest community with building once 
  occupied. 


    The disclosure statement of a common interest community 
 containing any building that was at any time before the creation 
 of the common interest community wholly or partially occupied, 
 for any purpose, by persons other than purchasers or persons who 
 occupied with the consent of purchasers, shall contain, in 
 addition to the information required by sections 515B.4-102, 
 515B.4-103 and 515B.4-104: 


    (1) a professional opinion prepared by a registered 
 professional architect or engineer, licensed in this state, 
 describing the current condition of all structural components 
 and mechanical and electrical installations material to the use 
 and enjoyment of the building, to the extent reasonably 
 ascertainable without disturbing the improvements or dismantling 
 the equipment, which will be in place or be operational at the 
 time of conveyance of the first unit to a person other than a 
 declarant; 


    (2) a statement by the declarant of the expected useful 
 life of each item reported on in paragraph (1) or a statement 
 that no representations are made in that regard; and 


    (3) a list of any outstanding notices of uncured violations 
 of building code or other municipal regulations, together with 
 the estimated cost of curing those violations. 


    HIST: 1993 c 222 art 4 s 5; 2005 c 121 s 36