Carlos is selling his home in Duluth, Minnesota. At closing, the title company asks whether there are any wells on the property. Carlos says there are no wells. Under Minnesota law, how must this fact be documented at closing?
Correct Answer
A) The deed itself must contain a statement that there are no wells on the property
Under Minn. Stat. § 103I.235, when a seller transfers real property and there are no wells on the property, the deed itself must contain a statement to that effect. This is a Minnesota-specific requirement. If wells do exist, a Well Disclosure Certificate must be filed with the county recorder; but when no wells are present, the no-wells statement is incorporated directly into the deed.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Property Ownership Question
Background Knowledge for Property Ownership
Real World Application in Property Ownership
Related Topics & Key Terms
Key Terms:
More Property Ownership Questions
Who does lava belong to when it forms land in Hawaii?
In California, community property with right of survivorship (CPRS) differs from joint tenancy because:
Arizona's homestead exemption protects up to:
In Hawaii, mineral rights usually belong to:
In Arizona, water rights for surface water follow:
- → With respect to real property, the term estate is BEST described as
- → Who usually selects the administrator of an estate?
- → Vermont follows which recording system?
- → Which of the following can the grantor of a life estate NOT do?
- → Riparian rights are those rights possessed by
- → A woman receives a gift of real property by will. The woman is called
- → The loss of one’s real estate by the gradual wearing away of soil through the operation of natural causes is
- → When a person dies testate, the real property
- → The property of a person who dies intestate passes by
- → If a strip of land is washed away by flood, this action is known as: