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Free Minnesota Residential Purchase Agreement Template

A Minnesota residential purchase agreement records the price and conditions of a home sale. Our guided form helps you create a customizable template that fits Minnesota's disclosure rules.

  • Download as PDF and Word
  • E-sign included

How It Works

1

Select Your Template

Choose the state or form type you need to start.

2

Fill In Your Details

Answer a few simple questions to customize your form.

3

Get Your Form

Download or print your custom document in PDF or Word.

What Is a Minnesota Residential Purchase Agreement?

A Minnesota residential purchase agreement is the written contract that commits a buyer and seller to a home’s price and closing date. Minnesota asks the seller to make written disclosures before anyone signs it.

Minnesota Seller Disclosure Rules

Minnesota’s seller disclosure law (Minn. Stat. §§ 513.52 to 513.60) sets what comes first. Line up your Minnesota residential purchase agreement with it.

Broad Coverage

The rules apply to the transfer of any interest in residential real estate. That includes a sale, an exchange, a deed, a contract for deed, and a lease with an option to purchase.

Disclose Before Signing

Before signing an agreement to sell, the seller makes a written disclosure to the prospective buyer (Minn. Stat. § 513.55). It covers all material facts the seller knows of that could significantly harm an ordinary buyer’s use and enjoyment of the property. Facts that could significantly affect any intended use the seller knows about count too.

Delivery Through an Agent

The seller may hand the disclosure to a real estate licensee representing or assisting the buyer. That counts as giving it to the buyer, and the licensee then passes a copy along.

Keep It Accurate

If the seller learns the disclosure was inaccurate, they must tell the buyer in writing as soon as reasonably possible, and in any event before closing (Minn. Stat. § 513.58).

Can a Minnesota Seller Skip the Disclosure?

Only if both sides agree in writing. The seller and prospective buyer may waive the written disclosure (Minn. Stat. § 513.60).

A waiver has limits, though. It doesn’t waive, limit, or abridge any seller disclosure duty created by other laws. For example, a separate radon law still requires the seller to disclose radon information in writing before signing an agreement to sell residential property (Minn. Stat. § 144.496).

If you plan to use a waiver, put it in writing and have both parties sign it. Then handle the separate radon disclosure anyway.

How to Sign a Minnesota Home Purchase Agreement

A Minnesota sale usually runs in this order.

  1. Prepare the disclosure. The seller writes down known material facts, or both sides sign a written waiver.
  2. Add the radon disclosure. This separate duty applies either way.
  3. Deliver before signing. Give the seller disclosure to the buyer or the buyer’s licensee, along with the radon disclosure.
  4. Execute the purchase agreement. Both parties then sign the Minnesota residential purchase agreement.
  5. Update before closing. Correct any inaccuracy in writing as soon as the seller learns of it.

What Your Minnesota Agreement Should Cover

Include these points:

  • Legal names of each buyer and seller
  • Property location and legal description
  • Sale price, deposit, and mortgage details
  • Whether the seller disclosed or both sides waived in writing
  • Confirmation of the radon disclosure
  • Inspection window and planned closing day