The Iowa Residential Property Seller Disclosure Statement is a mandatory disclosure form required under Iowa Code Chapter 558A. Sellers of residential property containing one to four dwelling units must provide a completed disclosure to the buyer before a binding purchase agreement is signed. The form covers 19 categories including basement/foundation, roof, well and pump, septic, sewer, heating, cooling, plumbing, electrical, pests, asbestos, radon, lead-based paint, flood plain, zoning, covenants, shared features, physical problems, and structural damage.

Yes, Iowa is a mandatory disclosure state. Under Iowa Code Chapter 558A, sellers of residential real property (one to four dwelling units) are required to provide a written property disclosure statement to the buyer before a binding purchase agreement is signed. Failure to provide the disclosure may result in the buyer's right to rescind the contract and liability for damages.

The Iowa Residential Property Seller Disclosure Statement covers 19 categories: (1) basement and foundation problems, (2) roof condition and repairs, (3) well and pump issues, (4) septic tank and drain field condition, (5) sewer system problems, (6) heating system condition, (7) central cooling system condition, (8) plumbing system condition, (9) electrical system condition, (10) pest infestation and structural damage from pests, (11) presence of asbestos, (12) radon testing and results, (13) presence of lead-based paint, (14) flood plain designation, (15) zoning classification, (16) restrictive covenants, (17) shared or co-owned features including HOA common areas, (18) physical problems like settling, flooding, drainage, and grading, and (19) any known structural damage.

To fill out an Iowa Property Seller Disclosure Statement, start by entering the property address, city, county, and seller information. Then work through each of the 19 disclosure categories — selecting Yes, No, Unknown, or N/A for each item. After completing all sections, you can add any additional comments and generate a print-ready document with signature blocks for both parties.

Iowa Code Chapter 558A requires sellers of residential real property (one to four dwelling units) to provide a written property disclosure statement to the buyer. The seller must disclose all known material defects and conditions. The disclosure must be made before a binding purchase agreement is signed. The seller is not required to make independent investigations but must disclose based on actual knowledge. The Iowa Real Estate Commission has published a recommended disclosure form for use. Certain transfers are exempt, including gifts, spousal transfers, court-ordered transfers, fiduciary transfers, and newly constructed residential property not previously occupied. If the seller fails to provide the required disclosure, the buyer may rescind the contract within three days after receiving the disclosure or discovering a material defect.

Under Iowa Code Chapter 558A, if a seller fails to provide the required disclosure, the buyer may rescind the contract within three days after receiving the disclosure or after discovering a material defect that was not disclosed. A seller who knowingly violates the law may be liable for actual damages and court costs. The statute of limitations is five years from the date of discovery of the material defect. Sellers are only required to disclose known defects and are not obligated to perform independent investigations.