Idaho Laws
Requirement to Record: An option to purchase is not legally required to be recorded. However, unrecorded options do not establish protection under the law.[1]
Expiration: Under Idaho law, as long as an option is recorded, it is considered notice.[2]
Maximum Term: Idaho law does not impose a maximum term.
No Duration: Idaho statutes do not explicitly address a lack of defined duration in an option to purchase. Therefore, without a specified duration, the option will expire automatically at the end of the lease.
Signing Requirements: The option must be in writing and signed by the seller.[3]
Required Disclosures (1)
1. Lead-Based Paint Disclosure & EPA Pamphlet – Must be completed by the landlord and signed by both landlord and tenant if the building was constructed prior to 1978.[4]
Seller’s Disclosures (1)
1. Seller’s Property Disclosure (required) – A seller is required to provide a signed and dated property disclosure form within 10 days of accepting the offer.[5]