Annotate Legal Minnesota Commercial Property Sale Forms For Free

Parcel boundary data, maps and ownership records are maintained at the county level, usually by the recorder's, assessor's or land surveyor's offices.

Legal descriptions for Abstract Property in Minnesota are properly obtained from: the front cover page of an abstract of title for the subject property, a copy of the recorded deed by which the sellers received title to the real property, or. a previously issued policy of title insurance.

FindLaw Newsletters Stay up-to-date with how the law affects your life Injury to PersonTwo years (Minn Stat. § 541.07(1))ContractsWritten: Six years (Minn. Stat. § 541.05(1)) Oral: Six years (Minn. Stat. § 541.05(1))Collection of Debt on AccountSix years (Minn. Stat. § 541.053)Judgments10 years (Minn. Stat. § 541.04)6 more rows

A general warranty deed is used to transfer an interest in real estate in Minnesota in most real estate transactions. A Minnesota warranty deed conveys real property with warranty covenants to the buyer. It requires an acknowledgement of the grantor's signature.

Minnesota Statute 287.21 provides for deed tax to be paid on deeds to be recorded. The rate is 0.0033 of the purchase price (Example: $105,250 X 0.0033 = $347.33 deed tax). The minimum deed tax amount is $1.65.

(a) A vendee who fails to record a contract for deed, as required by subdivision 1, is subject to a civil penalty, payable under subdivision 5, equal to two percent of the principal amount of the contract debt, unless the vendee has not received a copy of the contract for deed in recordable form, as required under ...