Minnesota Statutes
Chapter 513 — Agreements Relating To Property
Section 513.73 — Definitions.

Subdivision 1. Application. As used in sections 513.73 to 513.76, the following terms have the meanings given in this section.
Subd. 2. Transfer. "Transfer" means the sale, grant, gift, conveyance, assignment, inheritance, or other transfer of an ownership interest in real property located in this state.
Subd. 3. Private transfer fee. "Private transfer fee" means a fee or charge required by a private transfer fee obligation and payable upon the transfer of an interest in real property, or payable for the right to make or accept the transfer, regardless of whether the fee or charge is a fixed amount or is determined as a percentage of the value of the property, the purchase price, or other consideration given for the transfer. The following are not private transfer fees for purposes of this section:
(1) consideration payable by the grantee to the grantor for the interest in real property being transferred, including any subsequent additional consideration for the property payable by the grantee based upon any subsequent appreciation, development, or sale of the property, provided that the additional consideration is payable on a onetime basis only, and the obligation to make the payment does not bind successors in title to the property. For the purposes of this clause, an interest in real property may include a separate mineral estate and its appurtenant surface access rights;
(2) commission payable to a licensed real estate broker for the transfer of real property pursuant to an agreement between the broker and the grantor or the grantee, including any subsequent additional commission for that transfer payable by the grantor or the grantee based upon any subsequent appreciation, development, or sale of the property;
(3) interest, charges, fees, or other amounts payable by a borrower to a lender pursuant to a loan secured by a mortgage against real property, including but not limited to a fee payable to the lender for consenting to an assumption of the loan or a transfer of the real property subject to the mortgage, fees, or charges payable to the lender for estoppel letters or certificates, and shared appreciation interest or profit participation or other consideration and payable to the lender in connection with the loan;
(4) rent, reimbursement, charge, fee, or other amount payable by a lessee to a lessor under a lease, including but not limited to a fee payable to the lessor for consenting to an assignment, subletting, encumbrance, or transfer of the lease;
(5) consideration payable to the holder of an option to purchase an interest in real property or the holder of a right of first refusal or first offer to purchase an interest in real property for waiving, releasing, or not exercising the option or right upon the transfer of the property to another person;
(6) consideration payable by a contract for deed vendee to the vendor pursuant to the terms of a recorded contract for deed, including any subsequent additional consideration for the property payable by the vendee based upon any subsequent appreciation, development, or sale of the property;
(7) a tax, fee, charge, assessment, fine, or other amount payable to or imposed by a governmental authority;
(8) a fee, charge, assessment, fine, or other amount payable to a homeowner's condominium, cooperative, mobile home, or property owner's association pursuant to a declaration or covenant or law applicable to the association, including but not limited to fees or charges payable for estoppel letters or certificates issued by the association or its authorized agent;
(9) a fee, a charge, an assessment, dues, a contribution, or other amount pertaining to the purchase or transfer of a club membership relating to real property owned by the member, including but not limited to any amount determined by reference to the value, purchase price, or other consideration given for the transfer of the real property; and
(10) a mortgage from the purchaser of real property granted to the seller or to a licensed real estate broker.
Subd. 4. Private transfer fee obligation. "Private transfer fee obligation" means a declaration or covenant recorded or filed against the title to real property, or any other contractual agreement or promise, whether or not recorded or filed, that requires or purports to require the payment of a private transfer fee to the declarant or other person specified in the declaration, covenant, or agreement, or to their successors or assigns, upon a subsequent transfer of an interest in the real property.
2010 c 371 s 1

Structure Minnesota Statutes

Minnesota Statutes

Chapters 500 - 515B — Property And Property Interests

Chapter 513 — Agreements Relating To Property

Section 513.01 — No Action On Agreement.

Section 513.03 — Grants Of Trust, When Void.

Section 513.04 — Conveyance Of Interest In Land Except Up To One-year Lease.

Section 513.05 — Leases; Contracts For Sale Of Lands.

Section 513.06 — Specific Performance.

Section 513.07 — Logs; Extension Of Time Of Payment For Labor.

Section 513.075 — Cohabitation; Property And Financial Agreements.

Section 513.076 — Necessity Of Contract.

Section 513.08 — Void When Made To Defraud, Exception.

Section 513.09 — Provision To Revoke, Determine, Or Alter; When Void.

Section 513.10 — Power Of Revocation, When Valid.

Section 513.11 — Premature Conveyance.

Section 513.33 — Credit Agreements.

Section 513.41 — Definitions.

Section 513.42 — Insolvency.

Section 513.43 — Value.

Section 513.44 — Transfer Or Obligation Voidable As To Present Or Future Creditor.

Section 513.45 — Transfer Or Obligation Voidable As To Present Creditor.

Section 513.46 — When Transfer Is Made Or Obligation Is Incurred.

Section 513.47 — Remedies Of Creditor.

Section 513.48 — Defenses, Liability, And Protection Of Transferee Or Obligee.

Section 513.485 — Governing Law.

Section 513.49 — Application To Series Organization.

Section 513.495 — Relation To Electronic Signatures In Global And National Commerce Act.

Section 513.50 — Supplementary Provisions.

Section 513.51 — Short Title.

Section 513.52 — Definitions.

Section 513.53 — Applicability.

Section 513.54 — Exceptions.

Section 513.55 — General Disclosure Requirements.

Section 513.56 — Disclosure Not Required.

Section 513.57 — Liability For Error, Inaccuracy, Or Omission.

Section 513.58 — Amendment To Disclosure.

Section 513.59 — Transfer Not Invalidated.

Section 513.60 — Waiver.

Section 513.61 — Radon Disclosure Requirements.

Section 513.73 — Definitions.

Section 513.74 — Prohibition.

Section 513.75 — Liability For Violation.

Section 513.76 — Notice Requirements For Existing Transfer Fee Obligations.