Wayzata, Minn., Code of Ordinances ch. 813 § 813.10
Right to Rescind
Operative Text
A lessee may rescind a purchase agreement of a unit offered for sale hereunder by delivering to the declarant at the address stated in the purchase agreement, by registered or certified U.S. Mail with postage prepaid, a written notice of rescission within 15 days of execution of such an agreement by the lessee. Upon receipt of any such notice of rescission the declarant promptly shall refund any earnest money received without deduction therefrom or interest thereon, whereupon the purchase agreement shall become null and void. The rights under this section are in addition to the rights afforded purchasers under the Minnesota Condominium Act, Section 515.215, Subd. 6.
Under Wayzata Code of Ordinances ch. 813 § 813.10, a lessee who has signed a purchase agreement for a unit offered for sale has the right to cancel that agreement within 15 days of signing it. Cancellation is accomplished by sending a written notice of rescission via registered or certified U.S. Mail to the address listed in the purchase agreement. Once a valid rescission notice is received, the seller must promptly return any earnest money in full, with no deductions or interest, and the purchase agreement becomes void. These rights exist alongside—not instead of—any protections already provided under the Minnesota Condominium Act, Section 515.215, Subd. 6.
Plain English — not legal advice.
Under Wayzata Code of Ordinances ch. 813 § 813.10, operators and declarants who offer units for sale to lessees are generally expected to include a clear, accurate mailing address in every purchase agreement so that a rescission notice can be properly delivered. Compliant declarants maintain processes to promptly identify and process incoming certified or registered mail, and they refund earnest money in full—without any deductions or interest—upon receiving a valid rescission notice within the 15-day window. Keeping clear records of agreement execution dates and any rescission correspondence helps demonstrate compliance with this provision.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Wayzata Code of Ordinances ch. 813 § 813.10 gives lessees a 15-day window after signing a purchase agreement to cancel it by mailing a written rescission notice via registered or certified U.S. Mail to the address listed in the agreement. If a valid notice is sent within that period, the declarant is required to return all earnest money promptly and in full. Tenants who believe their rescission rights or refund entitlements under this section have not been honored may consider contacting a local tenant-rights organization, consulting an attorney familiar with Minnesota housing law, or reviewing the additional protections available under the Minnesota Condominium Act, Section 515.215, Subd. 6.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 13, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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