Updated on July 19th, 2021
An Iowa commercial lease agreement is a written contract that authorizes a tenant to lease non-residential real estate from a landlord or property manager. Commercial lease agreements typically last for three (3) to five (5) years, although the duration of tenancy will vary depending on the tenant’s business needs. The tenant will make monthly payments to the landlord on the date specified in the rental agreement. They may also be required to pay for operating expenses such as insurance, property tax, utilities, and general maintenance.
Lease Application – Used to obtain the personal and business information of a lease applicant. Once signed by the applicant, the landlord will have permission to conduct criminal and credit background checks.