Iowa seller disclosure statement form 2025

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A sellers disclosure is a real estate document that provides details about a propertys condition and how it might negatively impact the value of the home. It is often required by law, though what it needs to contain can vary by state and locality.
Use this statement to disclose information as required by Iowa Code chapter 558A. This law requires certain sellers of residential property that includes at least one and no more than four dwelling units to disclose information about the property to be sold.
A disclosure statement is a financial document given to a participant in a transaction explaining key information in plain language. Disclosure statements for retirement plans must clearly spell out who contributes to the plan, contribution limits, penalties, and tax status.
Exempt Properties: Properties exempted from the Seller Property Disclosure requirement include (IA Code 558A): Bare ground; property containing 5 or more dwelling units; court ordered transfers; transfers by a power of attorney; foreclosures; lenders selling foreclosed properties; fiduciaries in the course of an
The TDS disclosures in residential sales are required to be delivered as soon as practicable before transfer of title. Civil Code 1102.3(a).
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In most of the United States, its illegal for a home seller to knowingly conceal major defects from buyers. In fact, most states lawssuch as those of California, New Jersey, and Floridarequire sellers to make formal (often written) property disclosures covering major home components, systems, and conditions.
For most residential transactions in California, the seller is required to complete and provide the buyer with a Transfer Disclosure Statement (TDS).

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