Chapter 500 — Division as to Quantity

500.01 Division as to Quantity Minnesota law divides property ownership into four main types based on how long you can hold the property: forever … 500.02 Estates of Inheritance An 'estate of inheritance' is called a 'fee simple' or 'fee.' When there are no conditions or limits on the ownership, … 500.03 Effect of Conveyance to Grantee in Fee Tail Minnesota does not allow 'fee tail' estates, which historically restricted property to pass only to direct descendants. … 500.04 Conveyance by Owner of Fee Tail Estate If someone who held property under a fee tail estate transferred it before this law took effect, and the person who … 500.05 Division of Realty or Personalty This section classifies the types of property interests. Estates of inheritance and life estates are called 'freehold' … 500.06 Division as to Time Property interests are also divided based on timing: 'estates in possession' (you have the property now) and 'estates in … 500.07 Estates in Possession An 'estate in possession' means you have an immediate right to use and occupy the property right now. An 'estate in … 500.08 Estates in Expectancy Estates in expectancy come in two types: (1) reversions, where ownership returns to the original owner, and (2) future … 500.09 Reversions A 'reversion' is the part of ownership that stays with the person who gave away a limited interest in property. When the … 500.10 Future Estate; Statutory Remainders A 'future estate' is a property interest that is set to begin at a future date. It can start on its own or begin when a … 500.11 Future Estates; Inclusiveness This section defines different types of future estates including remainders, conditional limitations (shifting … 500.12 Future Estates; Contingent Future estates are either 'vested' (certain to take effect) or 'contingent' (uncertain because the person or event is … 500.13 This section has been repealed or relocated. 500.14 Future Estates Construed; Validity; Creating Instruments This section covers how future estates are interpreted and when they are valid. It addresses what happens when property … 500.15 Future Estates; Protection From Destructibility Rules A future estate cannot be destroyed by the current property holder selling, forfeiting, or surrendering their interest. … 500.16 Expectant Estates: Descendible, Devisable, Alienable Future property interests (expectant estates) can be inherited, given away in a will, or sold, just like property you … 500.17 Future Estates; Rents and Profits This section governs future rights to rents and profits from land. It allows accumulation of income during the period … 500.18 Commencement of Expectant Estates The time a future estate is created is either when the deed is delivered (for grants) or when the person who made the … 500.19 Division Property can be owned alone (in severalty), with others as joint tenants, or with others as tenants in common. When … 500.20 Defeasible Estates Property ownership that can be lost if certain conditions are not met (defeasible estates) is regulated by this section. … 500.21 Application to Ground Lease The rules about expectant estates being transferable (section 500.16) and defeasible estates expiring (section 500.20) … 500.215 Limits on Certain Residential Property Rights Prohibited; Flag Display Homeowners associations and other rules cannot prohibit you from displaying the United States flag or the Minnesota … 500.216 Limits on Certain Residential Solar Energy Systems Prohibited Homeowners associations cannot prohibit owners of single-family or detached homes from installing roof-mounted solar … 500.217 Restrictions on Child Care Prohibitions Homeowners associations cannot prohibit homeowners from operating a licensed family or group family child care program … 500.22 This section has been repealed or relocated. 500.221 Restrictions on Acquisition of Title Non-citizens (except permanent resident aliens) generally cannot acquire interests in Minnesota agricultural land. … 500.222 Exempt Acreage in Land Exchange A local government can exchange land with a person whose agricultural land ownership was grandfathered in under section … 500.23 This section has been repealed or relocated. 500.24 Farming by Business Organizations This section restricts corporations, limited partnerships, pension funds, and certain other business entities from … 500.245 Right of First Refusal for Agricultural Land This section has been repealed or relocated. 500.25 Rights of Farm Tenants on Termination of Life Estates When a life estate that includes farmland ends, the farm tenant has the right to harvest any crops they planted, and is … 500.30 Solar or Wind Easements Minnesota allows the creation of solar and wind easements. These are voluntary agreements that protect access to …