Lemhi County Contract for Deed Form

Additional Idaho and Lemhi County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Lemhi County

Properties in any of these areas use Lemhi County forms:

• Carmen
• Cobalt
• Gibbonsville
• Leadore
• Lemhi
• May
• North Fork
• Salmon
• Shoup
• Tendoy

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In Idaho, a Contract for Deed is typically used in real estate transactions where the buyer cannot obtain traditional financing, or the seller and buyer prefer an alternative arrangement for transferring property ownership. The contract allows the buyer to take possession of the property while making payments to the seller over time, but the seller retains the legal title until the purchase price is fully paid.

This Form includes Financing options, traditional installment payments or with a balloon payment if applicable.

LATE CHARGE additional charge when a payment is delinquent.

NON-SUFFICIENT FUNDS: Fees for bad checks.

IN ADDITION TO ANY OTHER REMEDIES available to the Lender if this Note is not paid in full at the Maturity Date, Borrowers shall pay to Lender an Overdue Loan Fee

RIGHT TO PREPAY. Buyer has the right to prepay

Use this form for residential, a condominium, rental property, vacant land, a Planned Unit Development and small commercial property

Key Considerations:
Statute of Frauds Compliance: Under Idaho law, certain agreements must be in writing to be enforceable. Specifically, contracts for the sale of real property or interests therein are required to be in writing. This is outlined in Idaho Code §9-505, which states that agreements for the sale of real property must be in writing and signed by the party to be charged.

IDAHO LEGISLATURE: Property Condition Disclosure: Idaho's Property Condition Disclosure Act mandates that sellers of residential property provide a disclosure form to buyers. This form details the property's condition and must be completed and delivered to the buyer within ten days of accepting the buyer's offer. This requirement applies to various transfer methods, including installment sale contracts.

A contract with stringent default terms can be beneficial to the seller in the case of default. For use in Idaho only.

Important: Your property must be located in Lemhi County to use these forms. Documents should be recorded at the county recording office listed above.

This Contract for Deed meets all recording requirements specific to Lemhi County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Lemhi County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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