250.120. - Truth-in-housing disclosure report required.
The truth-in-housing disclosure report provisions of Chapter 248 of the Minneapolis Code of Ordinances shall apply to sales by declarants of individual
residential units in conversion condominiums. The disclosure report shall identify
all required repair/replace items pursuant to section 248.70. The disclosure report must also include information concerning any damage to the
dwelling due to flooding, any evidence of chronic water seepage, and information on
the age and current condition of the roof as required by section 248.30. A professional opinion on the present condition of all heating, water, gas, electrical,
plumbing, structural, and roof systems located or servicing common areas of the conversion
condominium must also be provided in accordance with section 248.70. The truth-in-housing disclosure report and professional opinion required by this
section shall be delivered to prospective purchasers, including tenants, at the time
when the declarant must deliver to the purchaser the disclosure items required by
the Minnesota Common Interest Ownership Act, Article 4, or when the condominium conversion notice must be provided to tenants, whichever
is sooner. (79-Or-209, § 1, 10-26-79; Pet. No. 252271, § 50, 5-11-90; 2005-Or-144,
§ 1, 12-23-05)