What does a 10-day rescission period mean?
Once you receive the Documents, you will have 10 days to carefully read and/or bring to your attorney to provide advice to you. Minnesota law allows you to rescind (void) any CIC home purchase agreement you have signed, provided you do so within that 10-day period. That is a protection to you. An example of this protection is that you could sign a purchase agreement and reserve your lots, and then void the purchase agreement within 10 days after receiving the Association Documents.
