The declaration for a flexible condominium shall include, in addition to the matters specified in section 515A.2-105:
(1) an explicit reservation of any options to add additional real estate;
(2) a statement of any time limit, not exceeding seven years after the recording of the declaration, upon which any option reserved under paragraph (1) will lapse, together with a statement of any circumstances that will terminate the option before the expiration of the time limit. If no time limit is set forth in the declaration, the time limit shall be seven years after the recording of the declaration;
(3) a statement of any limitations on any option reserved under paragraph (1), other than limitations created by or imposed pursuant to law;
(4) legally sufficient descriptions of each portion of additional real estate;
(5) if portions of any additional real estate may be added at different times, a statement to that effect together with a statement fixing the boundaries of those portions and regulating the order in which they may be added or a statement that no assurances are made in those regards;
(6) a statement of (i) the maximum number of units that may be created within any additional real estate and within any portion, the boundaries of which are fixed pursuant to paragraph (5), and (ii) how many of those units will be restricted exclusively to residential use;
(7) a statement that any buildings and units that may be erected upon the additional real estate or a portion thereof will be compatible with the other buildings and units in the condominium in terms of architectural style, quality of construction, principal materials employed in construction, and size, or a statement of any differences with respect to the buildings or units, or a statement that no assurances are made respecting those matters;
(8) a statement that all restrictions in the declaration affecting use, occupancy, and alienation of units will apply to units created in the additional real estate, or a statement of any differentiations that may be made as to those units;
(9) general descriptions of all other improvements and common elements that may be made or created upon or within the additional real estate or each portion thereof;
(10) a statement of the extent to which any assurances made in the declaration regarding additional real estate pursuant to paragraphs (5) to (9) apply in the event any additional real estate is not added to the condominium, or a statement that those assurances do not apply if the real estate is not added to the condominium.
1980 c 582 art 2 s 515.2-106
Structure Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 515A — Uniform Condominium Act
Section 515A.1-101 — Short Title.
Section 515A.1-102 — Applicability.
Section 515A.1-103 — Definitions.
Section 515A.1-104 — Variation By Agreement.
Section 515A.1-105 — Property Taxation.
Section 515A.1-106 — Applicability Of Local Ordinances, Regulations, And Building Codes.
Section 515A.1-107 — Eminent Domain.
Section 515A.1-108 — Supplemental General Principles Of Law Applicable.
Section 515A.1-109 — Construction Against Implicit Repeal.
Section 515A.1-110 — Uniformity Of Application And Construction.
Section 515A.1-111 — Severability.
Section 515A.1-112 — Unconscionable Agreement Or Term Of Contract.
Section 515A.1-113 — Obligation Of Good Faith.
Section 515A.1-114 — Remedies To Be Liberally Administered.
Section 515A.1-116 — Effective Date.
Section 515A.2-101 — Creation Of Condominium.
Section 515A.2-102 — Unit Boundaries.
Section 515A.2-103 — Construction And Validity Of Declaration And Bylaws.
Section 515A.2-104 — Description Of Units.
Section 515A.2-105 — Contents Of Declaration; All Condominiums.
Section 515A.2-106 — Contents Of Declaration; Flexible Condominiums.
Section 515A.2-107 — Leasehold Condominiums.
Section 515A.2-108 — Allocation Of Common Element Interests, Votes, And Common Expense Liabilities.
Section 515A.2-109 — Common Elements And Limited Common Elements.
Section 515A.2-110 — Condominium Plats.
Section 515A.2-111 — Expansion Of Flexible Condominiums.
Section 515A.2-113 — Alterations Of Units.
Section 515A.2-114 — Relocation Of Boundaries Between Adjoining Units.
Section 515A.2-115 — Subdivision Or Conversion Of Units.
Section 515A.2-116 — Minor Variation In Boundaries.
Section 515A.2-117 — Use For Sales Purposes.
Section 515A.2-118 — Easement To Facilitate Completion, Conversion, And Expansion.
Section 515A.2-119 — Amendment Of Declaration.
Section 515A.2-120 — Termination Of Condominium.
Section 515A.2-121 — Rights Of Holders Of An Interest As Security For An Obligation.
Section 515A.3-101 — Organization Of Unit Owners' Association.
Section 515A.3-102 — Powers Of Unit Owners' Association.
Section 515A.3-103 — Board Of Directors, Members And Officers.
Section 515A.3-104 — Transfer Of Special Declarant Rights.
Section 515A.3-105 — Termination Of Contracts And Leases Of Declarant.
Section 515A.3-107 — Upkeep Of The Condominium.
Section 515A.3-111 — Tort And Contract Liability.
Section 515A.3-112 — Insurance.
Section 515A.3-113 — Surplus Funds.
Section 515A.3-114 — Assessments For Common Expenses.
Section 515A.3-115 — Lien For Assessments.
Section 515A.3-116 — Association Records.
Section 515A.3-117 — Association As Trustee.
Section 515A.4-101 — Applicability; Waiver.
Section 515A.4-102 — Disclosure Statement; General Provisions.
Section 515A.4-104 — Same; Conversion Condominiums.
Section 515A.4-106 — Purchaser's Right To Cancel.
Section 515A.4-107 — Resales Of Units.
Section 515A.4-1075 — Purchaser's Right To Cancel.
Section 515A.4-108 — Escrow Of Deposits.
Section 515A.4-109 — Release Of Interests As Security For An Obligation.
Section 515A.4-110 — Conversion Condominiums.
Section 515A.4-111 — Express Warranties.
Section 515A.4-112 — Implied Warranties.
Section 515A.4-113 — Exclusion Or Modification Of Implied Warranties.
Section 515A.4-114 — Statute Of Limitations For Warranties.
Section 515A.4-115 — Effect Of Violations On Rights Of Action; Attorney's Fees.
Section 515A.4-116 — Labeling Of Promotional Material.
Section 515A.4-117 — Declarant's Obligation To Complete And Restore.