When it comes to recording title in the state of Minnesota, details matter. A document that does not meet state guidelines may not be recorded. In this article, we are going to discuss the Minnesota state recording standards for commercial real estate.
Standards by Statute
Minnesota Statute Sections 507.24 and 507.093 define the standards for determining whether a document is or is not recordable. These sections outline the recording standards and include everything from font size used, to the size of paper allowed. Listed below are a few of the most important elements required ensure your documents are recordable:
- Identification of the grantor and grantee
- Statement indicating who drafted the documents
- Legal description
- Notarized original signature of the grantor
- Signature of all necessary parties – for example, signatures of both spouses if property is being acquired jointly
- The document must legible and reproducible
- There must be no modification (e.g. white out) on the document
Document formatting is also governed by specific rules. There must be a 3-inch margin at the top of the first page and a one-inch margin in all other locations. Additionally, documents may not contain font smaller than 8-point type.
Differences Between States
It’s important to note that every state has its own requirements when it comes to recording standards. Don’t assume that the Minnesota standards will conform to the standards in Wisconsin, for example. For that reason, it’s important to work with a title company that understands the state and local customs that impact your property. Contact the team at Commercial Partners Title today to see how we can help with your next transaction.