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Iowa Rental Lease Agreements | Laws

An Iowa lease agreement is a document detailing a residential or commercial rental arrangement between a landlord and a tenant. Before the landlord accepts an individual or business entity for tenancy, they will collect all the necessary information and perform background checks to ensure the applicant is a suitable candidate. A lease agreement will be presented to the new tenant so they can read through the provisions to ensure they understand and agree to all the terms and conditions. Both parties must sign the document for it to be valid and legally binding.

Rental Application – This form is used by landlords of residential property to collect information on potential tenants in order to determine their eligibility for tenancy.

Contents

Agreements: By Type (7)


Commercial Lease Agreement – This agreement allows landlords to rent out commercial space to businesses.

Download: Adobe PDF, MS Word, OpenDocument

 


College Roommate Agreement – A college roommate contract is used by college students who plan on living together and wish to set certain ground rules.

Download: Adobe PDF, MS Word, OpenDocument


Lease with Option to Purchase (Lease to Own) – An agreement that allows the tenant to buy the piece of residential property after they have resided in the unit as a tenant.

Download: Adobe PDF, MS Word, OpenDocument


Month to Month Lease Agreement – This rental contract is used by landlords and tenants who have agreed to enter into an arrangement wherein the tenant pays rent on a monthly basis but both parties can terminate the agreement at any time (as long as proper notice is given).

Download: Adobe PDF, MS Word, OpenDocument


Roommate Agreement – This form is between individuals living together that wish to set down on paper the amount of rent each will pay, the division of the cost of the security deposit, and other important conditions of sharing a lease. This is separate from the lease agreement that will be between the landlord and one (1) or more of the tenants.

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Standard (1-year) Lease Agreement – The most common type of residential lease, a standard lease agreement is a fixed-term rental arrangement between a landlord and tenant.

Download: Adobe PDF


Sublease Agreement – A sublease is between a tenant who is renting residential property from a landlord and a subtenant who wishes to rent all or a portion of the rented space from the original tenant. (Landlord permission is always recommended.)

Download: Adobe PDF, MS Word, OpenDocument


Landlord-Tenant Laws

Disclosures

Authorized Individuals (§ 562A.13(1)) – Tenant must be given the names and addresses of all individuals authorized to enter the premises or act on behalf of the owner.

Environmental Liability (§ 562A.13(6)) – If property is listed in the comprehensive environmental response compensation and liability information system, landlord must disclose this fact in writing to tenant.

Utility Rates (§ 562A.13(4)) – Landlord must explain utility rates, charges, and services to tenants unless tenant is responsible for their own utilities.

Landlord’s Access

General Access (§ 562A.19(3)) – Landlord shall give tenant twenty-four (24) hours’ notice before entering the premises for non-emergency purposes.

Emergency Access (§ 562A.19(2)) – Landlord may enter the premises without providing notice to tenant in the case of an emergency.

Rent

Grace Period – Not mentioned in state statutes.

Maximum Fees ($) (§ 562A.9(4)) – Maximum amount a landlord can charge for a late fee is $12 per day if rent is $700 or less (maximum $60 for the month) or $20 per day if rent is more than $700 a month (maximum $100 for the month).

Rent Increase Notice (§ 562A.13(5)) – Thirty (30) days’ written notice must be provided to tenants if landlord wishes to increase rent.

Security Deposits

Maximum Amount ($) (§ 562A.12(1)) – The maximum security deposit that can be demanded from a tenant is the equivalent of two (2) months’ rent.

Returning to Tenant (§ 562A.12(3)(a)) – Landlord must return security deposit to tenant thirty (30) days from the move-out date.

Interest Required? (§§ 562A.12(2)) – Landlord is allowed to keep all interest earned on a security deposit for the first five (5) years of tenancy.

Separate Bank Account? (§ 562A.12(2)) – Yes, security deposits must be held in a separate bank account and cannot be commingled with landlord’s personal funds.