Right to rescind.
Minneapolis Code of Ordinances § 250.100
in effect250.100. - Right to rescind.
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)
Source: City of Minneapolis, Minnesota, Code of Ordinances, City Charter and Park and Recreation Board Code of Ordinances (Municode Library, library.municode.com)URL: https://library.municode.com/mn/minneapolis/codes/code_of_ordinances?nodeId=COOR_TIT12HO_CH250COCO_250.100RIREFetched: 11/2/2026
