2005 Idaho Code - 50-2624 — NOTIFICATION IN THE EVENT OF LEASE OR SALE

                                  TITLE  50
                            MUNICIPAL CORPORATIONS
                                  CHAPTER 26
                        BUSINESS IMPROVEMENT DISTRICTS
    50-2624.  NOTIFICATION IN THE EVENT OF LEASE OR SALE. (1) Within thirty
(30) days of the lease or sale of property located within a business
improvement district, the lessor of the subject property in the case of a
lease, or the seller of the subject property in the case of a sale, is
required to submit a written copy of the notification of the lease or sale and
the identity of the lessee or purchaser, to the legislative authority.
    (2)  The disclosures required by the provisions of this chapter shall be
set forth in the following disclosure form. An alternative form may be
utilized provided that the terms of such form shall be substantially similar
to the terms set forth herein:

                   Business Improvement District Disclosure
Purchaser or lessee has received notification that the property purchased or
leased is located within a business improvement district. Purchaser or lessee
understands that they may be responsible to pay special assessments to the
legislative authority responsible for the business improvement district.

I/we acknowledge receipt of a copy of this disclosure statement.
Seller/Lessor:                   Buyer/Lessee:
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Date: ..................         Date: ..................
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Date: ..................         Date: ..................