Minnesota Real Estate Arbitration

Understanding Real Estate Arbitration in Minnesota Most Minnesota residential real estate purchase agreements offer buyers and sellers the option to choose real estate arbitration instead of going to court to settle disputes. Like any major decision, arbitration has both advantages and drawbacks. This guide will help Minnesota buyers understand how to approach this choice and…

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Minnesota Mechanic’s Lien Statements

A mechanic’s lien statement is a legal document used by contractors to claim a lien against property in Minnesota. What A Mechanic’s Lien Statement Must Include: A contractor must include the following information in a mechanic’s lien statement: Filing And Serving A Mechanic’s Lien Statements The statement must be recorded in all counties where the…

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Minnesota Contractors Must Promptly Pay Subcontractors

Minnesota’s Prompt Payment Act Minnesota’s prompt payment act provides that all construction contracts are deemed to require a prime contractor and all subcontractors to promptly pay their subcontractors and material suppliers within ten days of receipt of payment for undisputed services Penalties under Minnesota’s Prompt Payment Act A contractor or subcontractor who receives payment but…

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How To Avoid Minnesota Mechanic’s Liens

Property owners should take steps to avoid Minnesota mechanic’s liens against their property. A prudent homeowner can avoid liens by paying subcontractors directly, withholding payment where allowed by law, and requiring general contractors to provide information. Pay Subcontractors Directly to Avoid Minnesota Mechanic’s Liens The mechanic’s lien statute has certain provisions that protect owners against…

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Mechanic’s Lien Deadlines

In Minnesota, there are several important mechanic’s lien deadlines that must be followed in order to properly claim and enforce a mechanic’s lien. These deadlines are set forth in the state’s lien statutes, and they vary depending on the specific circumstances of the lien claim. Here are some key deadlines to keep in mind: Pre-Lien…

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Contractor Negligence In Minnesota: What You Need To Know

Builders seek to build homes in conformity with local building codes and industry standards. Sometimes their work falls short. If that happens, a property owner may be entitled to pursue a contractor negligence claim. Contractor Negligence Defined Contractor negligence claims are among the most common claims asserted against builders. While the term “negligence” is commonly…

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Minnesota Real Estate Arbitration

Most residential real estate purchase agreements in Minnesota offer the buyer and seller the option of agreeing to real estate arbitration, rather than a trial in court, as a way of resolving disputes. As with all choices in life, there are positives and negatives to selecting arbitration. First, it is important to understand that your…

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Minnesota Seller Disclosure Requirements

Sellers of Minnesota real estate must make a seller disclosure. Minnesota law requires that all sellers of residential property disclose to prospective buyers all “material facts” that could affect a buyer’s use and enjoyment of the property. Minnesota law also requires that real estate salespeople disclose to buyers material information that they may know about…

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