Section 515.01 — Citation.

515.01 CITATION. Sections 515.01 to 515.29 shall be known and may be cited as the “Minnesota Condominium Act.” History: 1963 c 457 s 1; 1971 c 580 s 1

Section 515.02 — Definitions.

515.02 DEFINITIONS. Subdivision 1. Application. As used in sections 515.01 to 515.29, unless the context otherwise requires, the following words and terms have the meanings ascribed to them in this section. Subd. 2. Apartment. “Apartment” means a part of the property, including one or more rooms or enclosed spaces located on one or more floors, […]

Section 515.03 — Application.

515.03 APPLICATION. Sections 515.01 to 515.29 shall be applicable only to property, the sole owner or all of the owners of which submit the same to the provisions hereof by duly executing and recording a declaration as hereinafter provided. History: 1963 c 457 s 3

Section 515.04 — Status Of The Apartments.

515.04 STATUS OF THE APARTMENTS. Subdivision 1. Each apartment is a parcel. Each apartment, together with its undivided interest in the common areas and facilities, shall for all purposes constitute a parcel of real property. Subd. 2. Apartment can be homestead. For the purposes of the constitution and laws of the state of Minnesota, such […]

Section 515.05 — Ownership Of Apartments.

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

Section 515.06 — Common Areas And Facilities.

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 to the value of the property. (b) The percentage […]

Section 515.07 — Compliance With Covenants, Bylaws, And Rules.

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 restrictions set forth in the declaration or in the owner’s deed to […]

Section 515.08 — Certain Work Prohibited.

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 being first obtained. History: 1963 c 457 s 8

Section 515.09 — Liens Against Apartments; Removal; Part Payment.

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 thereafter arise or be effective against the property. During such period liens or encumbrances […]

Section 515.10 — Common Profits And Expenses.

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

Section 515.11 — Contents Of Declaration.

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 apartments and the principal materials of which it is or is to […]

Section 515.12 — Contents Of Deeds Of Apartments.

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 apartment number of the apartment in the declaration and any […]

Section 515.13 — Copy Of The Floor Plans To Be Filed.

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, stating the name of the building or that […]

Section 515.14 — Blanket Mortgage Lien On Apartment When First Conveyed.

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 be paid and satisfied of record, or the apartment being conveyed and […]

Section 515.15 — Recording.

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 amendment or amendments thereto shall be submitted to the platting authority of […]

Section 515.16 — Removal From Provisions Of Sections 515.01 To 515.29.

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 apartments consent thereto or agree, in either case by […]

Section 515.17 — Removal No Bar To Subsequent Resubmission.

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

Section 515.175 — Incorporation Of Association.

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

Section 515.18 — Bylaws.

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 such amendment is duly recorded. History: […]

Section 515.19 — Contents Of Bylaws; Annual Meeting, Report.

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 one-third of the directors shall expire annually; the […]