The Form That Comes With The House
Idaho Code § 55-2504 and Idaho Code § 55-2515 — the seller's form within ten days, and three business days to rescind
A seller of residential property with one to four dwelling units, rentals included, completes the property condition disclosure form the statute sets out. It covers sales, installment contracts, leases with an option to buy and other options to purchase.
Ten days after the offer is accepted. The seller delivers a signed and dated copy of the completed form to each prospective buyer or the buyer's agent within ten days of accepting the buyer's offer. The buyer acknowledges receipt by signing and dating a copy and delivering it back.
Three business days to rescind. A buyer who receives the form after signing the purchase agreement may rescind it by a written, signed and dated notice that names a specific disclosure objected to, delivered within three business days of receiving the form. The deposits come back, and the buyer owes the seller nothing for rescinding.
A sale is not undone only because someone failed to follow the chapter, but a person who willfully or negligently fails to perform its duties is liable for the buyer's actual damages.
Transfers by court order, by foreclosure, between co-owners, to a spouse or a child or grandchild, from an estate, and several others are exempt. A particular sale is a question for a licensed Idaho attorney.
Sources for this section (5)
- Idaho Code § 55-2504 — Property condition disclosure required
- Idaho Code § 55-2505 — Exemptions
- Idaho Code § 55-2509 — Delivery of disclosure form and acceptance
- Idaho Code § 55-2515 — Rescission by transferee
- Idaho Code § 55-2517 — Failure to comply
Legal information, not legal advice. Verified as of October 2026. Applying it to a particular situation is the work of a licensed Idaho attorney.