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M.S.B.A. Real Property Form No. 32 (2008, 2017) Minnesota Vacant Land Purchase Agreement Residential Development TractPURCHASE AGREEMENT / PAGE 1 of 11MINNESOTA VACANT LAND PURCHASE AGREEMENT RESIDENTIAL

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How to fill out vacant land disclosure statement

1. Begin by obtaining a vacant land disclosure statement form from your local real estate office, online, or from the seller.
2. Read through the form carefully to understand the information required.
3. Fill in the blanks with accurate and honest information about the vacant land you intend to sell or lease.
4. Start by providing basic details such as the legal description, address, and parcel number of the land.
5. Disclose any known environmental hazards or conditions that may affect the land's value or use.
6. Include any encumbrances or liens on the property, such as easements or restrictions.
7. If there are any zoning restrictions or special conditions for land use, make sure to mention them in the form.
8. Document any pending or completed construction or development projects on the land.
9. If applicable, disclose any pending or ongoing legal disputes related to the land.
10. Include any additional information or attachments that you believe may be relevant for interested buyers or lessees.
11. Review the completed form for accuracy and clarity before signing and submitting it.
12. Keep a copy of the filled-out vacant land disclosure statement for your records.

Who needs vacant land disclosure statement?

1. Vacant land disclosure statements are typically required by law when selling or leasing undeveloped or vacant land.
2. Real estate agents, brokers, and individual sellers who are involved in the sale or lease of vacant land often need to provide this disclosure statement to potential buyers or lessees.
3. Additionally, buyers or lessees may request a vacant land disclosure statement to gain information about the property's characteristics, potential risks, and any limitations or restrictions that may impact their intended use of the land.

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What is vacant land disclosure statement?

The vacant land disclosure statement is a document that discloses information about land that is being sold or transferred to a new owner.

Who is required to file vacant land disclosure statement?

The seller of the vacant land is required to file the disclosure statement.

How to fill out vacant land disclosure statement?

The vacant land disclosure statement can be filled out by providing information about the land, any potential hazards, and other relevant details.

What is the purpose of vacant land disclosure statement?

The purpose of the vacant land disclosure statement is to inform the buyer about any known issues or risks associated with the land.

What information must be reported on vacant land disclosure statement?

Information such as property boundaries, zoning regulations, environmental hazards, and any existing liens or restrictions must be reported on the disclosure statement.