Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
515A.3-105 TERMINATION OF CONTRACTS AND LEASES OF DECLARANT.
If entered into prior to expiration of the period of declarant control pursuant to section
515A.3-103, (1) any management contract, employment contract, or lease of recreational
or parking areas or facilities, (2) any other contract or lease binding the association or any
unit owner other than the declarant or an affiliate of the declarant to which a declarant or an
affiliate of a declarant is a party, or (3) any contract or lease binding the association or any unit
owner other than the declarant or an affiliate of the declarant which is not bona fide or which
was unconscionable to the unit owners at the time entered into under the circumstances then
prevailing, may be terminated without penalty by the association at any time after the expiration
of declarant control upon not less than 90 days' notice to the other party. This section does not
apply to any lease the termination of which would terminate the condominium.
History: 1980 c 582 art 3 s 515.3-105
If entered into prior to expiration of the period of declarant control pursuant to section
515A.3-103, (1) any management contract, employment contract, or lease of recreational
or parking areas or facilities, (2) any other contract or lease binding the association or any
unit owner other than the declarant or an affiliate of the declarant to which a declarant or an
affiliate of a declarant is a party, or (3) any contract or lease binding the association or any unit
owner other than the declarant or an affiliate of the declarant which is not bona fide or which
was unconscionable to the unit owners at the time entered into under the circumstances then
prevailing, may be terminated without penalty by the association at any time after the expiration
of declarant control upon not less than 90 days' notice to the other party. This section does not
apply to any lease the termination of which would terminate the condominium.
History: 1980 c 582 art 3 s 515.3-105
Official Publication of the State of Minnesota
Revisor of Statutes