55-2504. PROPERTY CONDITION DISCLOSURE REQUIRED. Any person who intends to transfer any residential real property, including nonowner occupied rental property, on or after July 1, 1994, by any of the methods as set forth herein shall complete all applicable items in a property disclosure form prescribed under section 55-2508, Idaho Code. Except as provided in section 55-2505, Idaho Code, this chapter applies to any transfer by sale, exchange, installment sale contract, a lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements, of real property improved with or consisting of not less than one (1) nor more than four (4) dwelling units.
History:
[55-2504, added 1994, ch. 366, sec. 1, p. 1173; am. 1997, ch. 229, sec. 2, p. 668.]
Structure Idaho Code
Title 55 - PROPERTY IN GENERAL
Chapter 25 - PROPERTY CONDITION DISCLOSURE ACT
Section 55-2501 - SHORT TITLE.
Section 55-2502 - LEGISLATIVE INTENT.
Section 55-2503 - DEFINITIONS.
Section 55-2504 - PROPERTY CONDITION DISCLOSURE REQUIRED.
Section 55-2506 - DISCLOSURE INFORMATION.
Section 55-2507 - MANDATORY REQUIRED DISCLOSURE STATEMENTS.
Section 55-2508 - DISCLOSURE FORM.
Section 55-2509 - DELIVERY OF DISCLOSURE FORM AND ACCEPTANCE.
Section 55-2510 - DELIVERY REQUIREMENTS.
Section 55-2513 - AMENDMENT TO FORM.
Section 55-2515 - RESCISSION BY TRANSFEREE.
Section 55-2516 - GOOD FAITH REQUIRED.
Section 55-2517 - FAILURE TO COMPLY.
Section 55-2518 - DUTIES OF REAL ESTATE LICENSEES UNCHANGED.