A: YES, it does. MN Statutes 513.52-513.60 require sellers to disclose to prospective buyers all material facts which seller is aware that could adversely and significantly affect an ordinary buyer’s use or enjoyment of the property, or any intended use of the property, of which seller is aware. With the rapid rise of bedbug outbreaks and their ability to spread quickly, the fact that the unit across the hall has had bedbugs could become a problem for an occupant of a neighboring unit. This is something that could adversely and significantly affect a buyer’s use or enjoyment of the property.
The Minnesota Association of REALTORS® (“MNAR”) Seller’s Property Disclosure Statement asks if the seller is aware of any insect/animal/pest infestation. This would be the appropriate place to address the bedbugs of the neighboring condo unit. The seller should also contact the association to determine what steps have or will be taken to eradicate the situation.
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The Minnesota Association of REALTORS® is the largest trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.