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Minnesota Statutes Property and Property Interests (Ch. 500-515B) § 515B.4-114. Exclusion or change of implied warranties

Current as of January 01, 2023 | Updated by FindLaw Staff

(a) With respect to a unit available for residential use, no general disclaimer of implied warranties is effective, but a declarant may disclaim liability in an instrument separate from the purchase agreement signed by the purchaser for a specified defect or specified failure to comply with applicable law, if the defect or failure entered into and became a part of the basis of the bargain.

(b) With respect to a unit restricted to nonresidential use, implied warranties:

(1) may be excluded or modified by agreement of the parties; and

(2) are excluded by expression of disclaimer, such as “as is,” “with all faults,” or other language that in common understanding calls the purchaser's attention to the exclusion of warranties.

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Cite this article: FindLaw.com - Minnesota Statutes Property and Property Interests (Ch. 500-515B) § 515B.4-114. Exclusion or change of implied warranties - last updated January 01, 2023 | https://codes.findlaw.com/mn/property-and-property-interests-ch-500-515b/mn-st-sect-515b-4-114/

Read this complete Minnesota Statutes Property and Property Interests (Ch. 500-515B) § 515B.4-114. Exclusion or change of implied warranties on Westlaw. Westlaw subscription required.

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