Time period after the execution of a purchase agreement during which buyer has the opportunity to examine the physical property and any written records in order to decide whether to purchase the property according to the terms of the purchase agreement.

Due diligence is the work performed by a buyer to understand all aspects of a real estate investment before committing to a buy decision, including a physical inspection, review of public record documents including mortgages, leases, third-party obligations, other encumbrances, and title conditions affecting the property.

In some cases, the federal government has claimed one right under two theories: a state law basis and a federal law basis. Both theories will be reported on one form for that single water right. In most cases, the priority dates are different and will be listed separately. The federal law basis is separately indicated…

A drilling permit must be obtained from the Department of Water Resources before the construction, modification, or abandonment of any well greater than 18 feet in depth. The drilling permit authorized the construction or modification of a well, but does not authorize water diversion, use, or injection.

The use of water as described in Idaho Code 42-111. Domestic use can be for a home, livestock, and for any other purposes in connection with a home, including irrigation of up to one-half acre of land. Total use cannot exceed 13,000 gallons per day.

An agency of the State of Idaho created by the Idaho Environmental Protection and Health Act to ensure clean air, water,and land in the state and protect Idaho citizens from the adverse health impacts of pollution.

Refers to cash flows over the term of the lease discounted to the present value.

The Director of the Idaho Department of Water Resources (IDWR) or the director’s duly authorized designee.

A request from the holder of a water right for administration of water rights under the prior appropriation doctrine. Usually, a demand made by the holder of a senior-priority surface or ground water right against the holder of a junior-priority ground water right in an area having a common ground water supply.

The act of entrusting another with authority or empowering another to act as an agent or representative. (Black’s Law Dictionary 519 10th ed. 2014).