92.3k views
5 votes
Can a buyer in Minnesota terminate a contract for deed within six business days of receiving the contract for deed disclosure?

(A) Yes
(B) No
(C) It depends on the terms of the contract
(D) None of the above

1 Answer

2 votes

Final answer:

A buyer in Minnesota may be able to terminate a contract for deed within six business days, depending on the terms of the contract.

Step-by-step explanation:

It depends on the terms of the contract.

In Minnesota, a buyer can terminate a contract for deed within six business days of receiving the contract for deed disclosure if the contract specifies a cancellation period.

If the contract does not specify a cancellation period, the buyer may not have the right to terminate within six business days.

It is important for buyers in Minnesota to review the terms of the contract for deed and consult with a legal professional if they have any questions or concerns.

User Adopilot
by
8.2k points