Making an offer to purchase real property is a massive commitment. With residential property, there is an expectation that a would-be buyer should deposit earnest money with their real estate agent or the agent representing the seller. That earnest money applies...
Real estate
Mistakes condo association boards make regarding meetings
Condominiums are a popular housing option across Minnesota. Young professionals and older adults are among those who find the condominium lifestyle appealing. Instead of needing to constantly maintain real property, they can generally count on their condo association...
2 types of issues that can keep a home closing from occurring
For those purchasing real estate, having a seller accept an offer often feels like a victory. Although it may mean that someone is in the home stretch, an accepted offer does not mean the race is over yet. Plenty can go wrong before people sign final documents and...
What do sellers need to disclose about real property in Minnesota?
Real estate transactions are often the biggest purchases that people living in Minnesota ever complete. You may spend hundreds of thousands of dollars, and you obviously want to make a smart choice about what property you purchase and how much you pay for it. Factors...
You must enforce ownership rules for every condo owner evenly
Condominium associations perform an important role in their communities. They help establish rules that apply to all of the units. They invest in community spaces and maintain shared facilities, ranging from a lobby to exterior spaces for condo owners to enjoy. Condo...
What Recourse Does A Condo Association Have?
Condominium and townhouse associations are common interest communities (CIC) seeking to create a well-maintained and safe place to live. These associations are typically comprised of owners within that community who seek to self-regulate based on a set of governing...
Before Purchasing, Check a Property for Easements
If you have ever purchased property before, you may have encountered an easement. Easements are legal arrangements that allow the use of land by someone other than the owner. Easements are not as nefarious as they sound. Courts grant easements when they are essential...