Minnesota SF1253 prohibits common interest communities from charging fees for estoppel letters or certificates.
Minnesota SF1253 amends state statutes to prohibit common interest communities from charging fees for the preparation or delivery of estoppel letters or certificates. This bill targets fees that may be charged by homeowner's associations or their agents for these documents, which are often required during real property transfers. Any fees charged in violation of this provision are declared void. This change aims to protect property owners from unexpected costs associated with transferring property in these communities.
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