515B.4-114 EXCLUSION OR CHANGE OF IMPLIED WARRANTIES.
(a) With respect to a unit available for residential use, no general disclaimer of implied
warranties is effective, but a declarant may disclaim liability in an instrument separate from
the purchase agreement signed by the purchaser for a specified defect or specified failure to
comply with applicable law, if the defect or failure entered into and became a part of the basis
of the bargain.
(b) With respect to a unit restricted to nonresidential use, implied warranties:
(1) may be excluded or modified by agreement of the parties; and
(2) are excluded by expression of disclaimer, such as "as is," "with all faults," or other
language that in common understanding calls the purchaser's attention to the exclusion of
History: 1993 c 222 art 4 s 14