Requires sellers of property subject to HOA or condominium rules to provide 15 specified disclosure items within 10 days of executing a purchase agreement. Required items include assessment amounts, unpaid assessments, approved special assessments, reserve and capital fund balances, reserve study status, operating and reserve budgets with year-to-date financial statement, insurance documents, pending litigation and unsatisfied judgments, uncured violations, transfer fees, assessment collection policy and remedies, leasing restrictions, amenities, and association contact information. Information must be current within 90 days. Buyer may void the contract within 5 days of receipt. Association must respond within 10 days of request. Applies to both HOAs and condominiums.
North Dakota Century Code Real Property Transfers Section Section Name 47-10-01 Method of transfer 47-10-02 Sale of realty ‑ Duty of seller 47-10-02.1 Property disclosure ‑ Requirements ‑ Exceptions 47-10-02.2 Disclosure of prior radon test ‑ Immunity from liability ‑ Definitions 47-10-02.3 Required disclosures ‑ Seller to provide 47-10-03 Agreement to give usual covenants on sale ‑ Duty imposed 47-10-04 Form of covenants 47-10-05 Grants ‑ Execution ‑ Witnesses sufficient ‑ Seal unnecessary 47-10-05.1 Presumption of corporate authority of officers ‑ Application 47-10-06 Form of grant 47-10-07 Deed ‑ Execution ‑ Post‑office and street address of grantee a prerequisite 47-10-08 Grant conclusive against whom 47-10-09 Grant valid pro tanto 47-10-10 Title to highway, street, alley, and public right of way ‑ Vacation 47-10-11 Easements ‑ Pass by transfer of property to which attached 47-10-12 Warranties ‑ Lineal and collateral abolished ‑ Exceptions 47-10-13 Grant presumes fee simple title 47-10-14 Grant takes effect on performance of condition 47-10-15 After‑acquired title 47-10-16 Reconveyance when estate defeated by nonperformance of condition subsequent 47-10-17 Encumbrances defined 47-10-18 Liability of grantor 47-10-19 Covenants implied from use of word grant 47-10-20 Attornment ‑ When unnecessary 47-10-21 Reservation of coal limited to description 47-10-22 Reservation without description ineffectual 47-10-23 Transfer by grantor to the grantor and another in joint tenancy 47-10-23.1 Nontestamentary transfer between spouses ‑ Presumption 47-10-24 Description and definition of minerals in leases and conveyances (Retroactive application ‑ See note) 47-10-25 Meaning of minerals in deed, grant, or conveyance of title to real property 47-10-26 Authority of trustee 47-10-27 Manufactured homes ‑ Affixation to real property ‑ Conveyance or encumbrance as real property 47-10-28 Mobile home park ‑ Ownership ‑ Transfer of ownership ‑ Tenant rights ‑ Penalty
Disclosure
Ref
Requirement
Information must be current within 90 days.
Buyer may void the contract within 5 days of receipt.
Requires sellers of property subject to HOA or condominium rules to provide 15 specified disclosure items within 10 days of executing a purchase agreement.
(2)
Within ten days of executing an agreement to sell or transfer
(6)
May void the contract within five days after receipt
Financial
Ref
Requirement
Required items include assessment amounts, unpaid assessments, approved special assessments, reserve and capital fund balances, reserve study status, operating and reserve budgets with year-to-date financial statement, insurance documents, pending litigation and unsatisfied judgments, uncured violations, transfer fees, assessment collection policy and remedies, leasing restrictions, amenities, and association contact information.
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