Minneapolis, Minn., Code of Ordinances § 12 § 250.100
Right to rescind (Minneapolis Housing Code)
Operative Text
A lessee may rescind a purchase agreement of a unit offered for sale hereunder by delivering to the declarant at the address stated in the purchase agreement by registered or certified United States mail, postage prepaid, a written notice of rescission within five (5) days of execution of such an agreement by the lessee. Upon receipt of such a notice of rescission the declarant shall promptly refund any earnest money received, without deduction therefrom or interest thereon, whereupon the purchase agreement shall become null and void. The rights under this section are in addition to the rights afforded purchasers under the Minnesota Uniform Condominium Act, Article 4 . (79-Or-209, § 1, 10-26-79; Pet. No. 252271, § 49, 5-11-90)
Under Minneapolis, Minn., Code of Ordinances § 12 § 250.100, a tenant who signs a purchase agreement for a unit being converted to condominium ownership has a five-day window to change their mind. To exercise this right, the tenant must send a written notice of rescission by registered or certified U.S. mail to the address listed in the purchase agreement within five days of signing. Once a valid rescission notice is received, the seller is required to return any earnest money in full, with no deductions or interest, and the purchase agreement becomes void. These protections exist alongside — not instead of — any rights available under the Minnesota Uniform Condominium Act, Article 4.
Plain English — not legal advice.
Under § 250.100, operators managing a condominium conversion must ensure that purchase agreements clearly state a valid mailing address, since that is where rescission notices must be delivered. A compliant declarant promptly refunds the full earnest money deposit upon receiving a timely rescission notice, without withholding any portion or adding interest. Keeping clear records of when purchase agreements are executed and when any rescission notices are received helps document compliance with the five-day rescission window.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Minneapolis, Minn., Code of Ordinances § 12 § 250.100 gives tenants who sign a purchase agreement for a unit being converted to condominiums the right to cancel that agreement within five days of signing. To exercise this right, a written rescission notice must be sent by registered or certified U.S. mail to the address listed in the purchase agreement before that five-day period expires. If a valid rescission is submitted, the full earnest money deposit must be returned without any deductions; tenants who believe this right has been violated may consider consulting a tenant-rights organization or reviewing additional protections available under the Minnesota Uniform Condominium Act, Article 4.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 15, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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