Wayzata, Minn., Code of Ordinances ch. 813 § 813.05
Purchase Rights
Operative Text
For 60 days after delivery of the notice of conversion described in Section 813.04 , the holder of the lessee's interest created by the declarant or his predecessor shall have an option to purchase the leased unit on the terms set forth in the purchase agreement attached to the notice. If such holder fails to exercise said option during that 60-day period the declarant may not offer to dispose of an interest in that unit during the following 180 days at a price or on terms more favorable to the offeree than the price or term offered to such holder. This subsection does not apply to any unit in a conversion condominium if that unit will be restricted exclusively to nonresidential use or if the boundaries of the converted unit do not substantially conform to the dimensions of the residential unit before conversion. If a declarant, in violation of this Section, conveys a unit to a purchaser for value who has no knowledge of the violation, delivery of the deed conveying the unit extinguishes any right which a lessee not in possession may have under this Section to purchase that unit, but it does not affect the right of the lessee to recover damages from the declarant for a violation of this Section. Nothing in this Section permits the termination of a lease by a declarant in violation of its terms. The rights conferred by this Section are subject to any purchase agreement or other contract existing prior to July 1, 1980.
Wayzata Code of Ordinances ch. 813 § 813.05 establishes a right of first opportunity for existing tenants when a rental property is being converted to condominiums. For 60 days after receiving the required conversion notice, a tenant holding a lease interest may purchase their unit at the price and terms spelled out in the attached purchase agreement. If the tenant does not exercise that option, the developer is then barred for 180 days from offering the unit to anyone else at a more favorable price or on better terms. If a developer violates these rules and sells to a good-faith third-party buyer, the tenant's right to purchase that specific unit is extinguished, though the tenant retains the right to seek damages from the developer.
Plain English — not legal advice.
Under § 813.05, operators converting rental units to condominiums generally ensure that each qualifying tenant receives a proper conversion notice with a complete purchase agreement attached, and then observe the full 60-day option window before marketing the unit to outside buyers. Compliant declarants also track the 180-day restriction period that follows a tenant's non-exercise of the option, making certain no outside offer is made at a price or on terms more favorable than what was offered to the tenant. Developers should also be aware that § 813.05 does not authorize terminating an existing lease in violation of its own terms, and that pre-July 1, 1980 purchase agreements or contracts may take precedence over the rights created by this section.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 813.05 of the Wayzata Code of Ordinances gives residential tenants a 60-day window to purchase their unit at the price and terms stated in the purchase agreement delivered with the conversion notice. If a developer offers the unit to an outside buyer on more favorable terms within 180 days of the tenant's non-exercise of the option, that may constitute a violation entitling the tenant to seek damages, even if the right to purchase the specific unit has been extinguished by a subsequent good-faith sale. Tenants who believe their § 813.05 rights have been disregarded may wish to consult a tenant-rights organization or legal aid resource to understand the remedies available to them.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 13, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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