Truth in Sale of Housing Process |
Glossary of Truth-in-Housing termsA B C D E F G H I J K L M N O P Q R S T U V W X Y Z Acknowledgement of ResponsibilityForm signed by buyer, making buyer responsible for all required repairs. If no certificate of approval is available at closing, buyer must sign an acknowledgement of responsibility. This form makes the buyer responsible to make the required repairs within 90 days after closing. The buyer, buyer’s agent, and closer are jointly required to file an acknowledgement of responsibility along with a copy of the disclosure report with the City within 10 days after closing, unless there is a current certificate of approval. Download this form. Certificate of ApprovalCertificate given to seller by Minneapolis TISH office when there are no required repairs indicated in the disclosure report or all the required repairs have been completed and approved with the appropriate inspection. If no certificate of approval is available at closing, buyer must sign an acknowledgement of responsibility. The seller gives a copy of the certificate of approval and disclosure report to the buyer at closing. In this case, the buyer does not need to sign an acknowledgment of responsibility. City InspectorA City of Minneapolis employee who inspects completed repairs. A City inspector must inspect repairs that require a permit. Disclosure ReportReturn to top EvaluationSee TISH evaluation. EvaluatorSee TISH evaluator. InspectorSee City inspector. Notification LetterBased on the TISH disclosure report, a letter sent by Minneapolis TISH office to the seller when repairs are required. The letter lists required repairs and notes which repairs need a permit. Notification letter can be sent to buyer if a signed acknowledgement of responsibility is on file with the TISH office. Return to top Notification PacketThe information sent by the Minneapolis TISH office to the seller, including the notification letter, the acknowledgement of responsibility form, and other pertinent forms or information. Notification packet can be sent to buyer if a signed acknowledgement of responsibility is on file with the TISH office. Pre-InspectionAn optional inspection done by a licensed TISH evaluator, for the seller’s information. A pre-inspection is completely unofficial and cannot be used in place of a TISH evaluation. Re-InspectionAn inspection done after repairs have been completed. Re-inspection of work requiring a permit must be done by a City inspector. Re-inspection of work not requiring a permit may be done by the same evaluator who did the TISH evaluation. Get more information about how and when to get a re-inspection. Return to top Required RepairsRepairs required at the time of sale of a dwelling, as listed in the notification letter. The complete list of required repairs can be found in the Minneapolis Truth-in-Sale of Housing ordinance, Title 12, Chapter 248. Get more information about required repairs. Safety CheckAn inspection of a specific system, performed by a professional licensed to work on that system. Some required repairs need a safety check. That means that for certain repairs, if the homeowner has done the work, a licensed contractor who does the same kind of work must come and inspect the job. The contractor must also fill in a form confirming that the work was done correctly. For example, a licensed electrician would perform a safety check for the electrical system. (Click here for safety check forms.) The notification letter tells you which repairs need a trade safety check. Summary ReportSame as pre-inspection. Return to top TihAcronym for Truth in Housing, sometimes used in place of "TISH." TishAcronym for Truth-in-Sale of Housing. TISH Disclosure ReportThe official report written by a licensed evaluator stating the condition of the property for sale and what repairs must be made. A copy of the disclosure report must be kept in the house for potential buyers to see. After the disclosure report is filed with the City, the City sends the seller a Truth-in-Housing notification letter with more information about how and when the repairs must be made. TISH EvaluationAn evaluation of certain items as required by Minneapolis Truth-in-Sale of Housing ordinance, done by a licensed TISH evaluator to determine what repairs, if any, must be made if a dwelling is sold. Get more information on the evaluation and how to find an evaluator. Return to top TISH EvaluatorAn evaluator with detailed knowledge of the TISH ordinance who is licensed by the City of Minneapolis to perform TISH evaluations. TISH evaluators are private contractors and are not employed by the City of Minneapolis. Get more information about finding an evaluator. Truth-In-HousingAn abbreviated form of Truth-in-Sale of Housing. Truth-In-Sale Of Housing OrdinanceTitle 12, Chapter 248 of the City of Minneapolis code of ordinances. Chapter 250 for first-time condo conversions. Read the text of the ordinance. Return to top |