Title Minnesota Statutes, Minnesota Statutes

515.05 OWNERSHIP OF APARTMENTS. Each apartment owner shall be entitled to the exclusive ownership and possession of the apartment. History: 1963 c 457 s 5; 1986 c 444

515.06 COMMON AREAS AND FACILITIES. (a) Each apartment owner shall be entitled to an undivided interest in the common areas and facilities in the percentage expressed in the declaration. Such percentage shall be computed by taking as a basis the value of the apartment in relation…

515.07 COMPLIANCE WITH COVENANTS, BYLAWS, AND RULES. Each apartment owner shall comply strictly with the bylaws and with the administrative rules adopted pursuant thereto, as either of the same may be lawfully amended from time to time, and with the covenants, conditions, and res…

515.08 CERTAIN WORK PROHIBITED. No apartment owner shall do any work which would jeopardize the soundness or safety of the property, reduce the value thereof or impair any easement or hereditament without in every such case the unanimous consent of all the other apartment owners …

515.09 LIENS AGAINST APARTMENTS; REMOVAL; PART PAYMENT. § Subdivision 1.Authorized work on common areas. Subsequent to recording the first conveyance of the first apartment which is conveyed, and while the property remains subject to sections 515.01 to 515.29, no lien shall there…

515.10 COMMON PROFITS AND EXPENSES. The common profits of the property shall be distributed among, and the common expenses shall be charged to, the apartment owners according to the percentage of the undivided interest in the common areas and facilities. History: 1963 c 457 s 10

515.11 CONTENTS OF DECLARATION. The declaration shall contain the following particulars: (1) Description of the land on which the building and improvements are or are to be located. (2) Description of the building, stating the number of stories and basements, the number of apartm…

515.12 CONTENTS OF DEEDS OF APARTMENTS. Deeds of apartments shall include the following particulars: (1) Description of the land as provided in section 515.11, and the post office address of the property, including the book, page and date of recording of the declaration. (2) The …

515.13 COPY OF THE FLOOR PLANS TO BE FILED. Simultaneously with the recording of the declaration there shall be filed in the office of the recording officer a set of the floor plans of the building showing the layout, location, apartment numbers and dimensions of the apartments, …

515.14 BLANKET MORTGAGE LIEN ON APARTMENT WHEN FIRST CONVEYED. At the time of the first conveyance of each apartment, every mortgage and other lien affecting such apartment, including the percentage of undivided interest of the apartment in the common areas and facilities, shall …

515.15 RECORDING. (a) The declaration, any amendment or amendments thereof, any instrument by which the provisions of sections 515.01 to 515.29 may be waived, and every instrument affecting the property or any apartment shall be entitled to be recorded. The declaration and any am…

515.16 REMOVAL FROM PROVISIONS OF SECTIONS 515.01 TO 515.29. (a) All of the apartment owners may remove a property from the provisions of sections 515.01 to 515.29 by an instrument to that effect, duly recorded, provided that the holders of all liens affecting any of the apartmen…

515.17 REMOVAL NO BAR TO SUBSEQUENT RESUBMISSION. The removal provided for in section 515.16 shall in no way bar the subsequent resubmission of the property to the provisions of sections 515.01 to 515.29. History: 1963 c 457 s 17

515.175 INCORPORATION OF ASSOCIATION. Subsequent to July 1, 1976, an association of apartment owners shall be incorporated under chapter 317A before the declaration is recorded. History: 1976 c 244 s 1; 1989 c 304 s 137

515.18 BYLAWS. The administration of every property shall be governed by bylaws, a true copy of which shall be annexed to the declaration and made a part thereof. No modification of or amendment to the bylaws shall be valid unless set forth in an amendment to the declaration and …

515.19 CONTENTS OF BYLAWS; ANNUAL MEETING, REPORT. § Subdivision 1.What may be included. The bylaws may provide for the following: (a) The election from among the apartment owners of a board of directors, the number of persons constituting the same, and that the terms of at least…

515.195 WHEN FIRST OFFICERS' TERMS END; CONTRACT RESTRICTIONS. § Subdivision 1.At annual meeting. At the first annual meeting subsequent to the earlier of (a) five years from the date of recording the declaration or (b) when three-fifths of the apartment owners are other than the…

515.20 RECORD OF RECEIPTS AND EXPENSES AVAILABLE TO OWNERS. The manager or board of directors, as the case may be, shall keep detailed, accurate records in chronological order, of the receipts and expenditures affecting the common areas and facilities, specifying and itemizing th…

515.21 OWNER ABANDONMENT, WAIVER OF USE, DOES NOT AVERT LIABILITY. No apartment owner is exempt from liability for that owner's contribution towards the common expenses by waiver of the use or enjoyment of any of the common areas and facilities or by abandonment of that owner's a…

515.215 DISCLOSURE REQUIREMENTS TO APARTMENT PURCHASERS. § Subdivision 1.At first conveyance. Not later than 15 days prior to the closing of the first conveyance of each apartment, the vendor shall furnish to the purchaser the following: (1) the purchase agreement for the apartme…

515.22 SEPARATE TAXATION. Each apartment and its percentage of undivided interest in the common areas and facilities shall be deemed to be a parcel of real property and shall be subject to separate assessment and taxation by the state of Minnesota or any taxing subdivision thereo…

515.23 PRIORITY OF LIEN. All sums assessed by the association of apartment owners but unpaid for the share of the common expenses chargeable to any apartment shall constitute a lien on such apartment prior to all other liens except only (i) tax liens on the apartment, including a…

515.24 JOINT, SEVERAL LIABILITY OF BUYER, SELLER; COMMON EXPENSE. In a voluntary conveyance the grantee of an apartment shall be jointly and severally liable with the grantor for all unpaid assessments against the latter for the grantor's share of the common expenses up to the ti…

515.25 INSURANCE. The manager or the board of directors shall have the authority to and shall obtain insurance for the property against loss or damage by fire and such other hazards as are covered under standard extended coverage provisions for the full insurable replacement cost…

515.26 DISPOSITION OF PROPERTY WHERE IT IS DAMAGED BY FIRE OR OTHER DISASTER. In case of fire or other disaster, if a majority of the apartment owners and all other parties in interest do not voluntarily make provision for reconstruction of the building within 180 days from the d…

515.27 ACTIONS. Without limiting the rights of any apartment owner, actions may be brought by the manager or board of directors, in either case in the discretion of the board of directors, on behalf of two or more of the apartment owners, as their respective interest may appear, …

515.28 PERSONAL APPLICATION. (a) All apartment owners, tenants of such owners, employees of owners and tenants, or any other persons that may in any manner use property or any part thereof submitted to the provision of sections 515.01 to 515.29 shall be subject to sections 515.01…

515.29 SEVERABILITY. If any provision of sections 515.01 to 515.29 or any section, sentence, clause, phrase or word, or the application thereof in any circumstance is held invalid, the validity of the remainder of sections 515.01 to 515.29 and of the application of any such provi…