Iowa Rental Agreement Templates
Iowa lease agreements allow a property owner or manager (“landlord”) to rent residential or commercial space to someone else (“tenant”) in exchange for monthly payment. The most common rental contract is the standard residential lease which is a fixed-term agreement for a 1-year period.
It is recommended that the landlord or representative check all potential tenants through the use of the rental application to make sure the person’s income and employment are verified.
Iowa Residential Lease Agreement
An Iowa residential lease agreement is a contract between a landlord and tenant by which the tenant will reside on the landlord’s property in return for monthly rental payments (usually due on the first (1st) day of each month). The landlord may ask for the tenant to complete a rental application before signing to make sure that all income and background reports come back positive. Some landlords will charge a fee for this service and it also shows the leasing party’s interest in the property. Depending on the information contained or the landlord’s personal requirements, they may require up to two (2) months’ security deposit and first (1st) and last month’s rent.
Iowa Month-to-Month Rental Agreement
The Iowa month-to-month rental agreement allows a landlord and a tenant to create a “tenancy at will” in which either party may change or void the agreement with at least thirty (30) days notice. The tenant pays a monthly fee for the use of the landlord’s property.
Iowa Rental Application Form
The Iowa rental application form is a document that landlords send out to a prospective tenant to collect information. The application asks questions that relate to rental history, eviction history, and financial information which is used to choose a tenant.
Iowa Roommate Agreement
An Iowa Roommate Agreement is used to record the details of a living arrangement that two (2) or more roommates intend on entering. It is important to record specifics such as when rent is due or how much of the security deposit each roommate must supply. The act of recording such information serves as a safeguard against potential confusion down the line on what was agreed upon. Typically, sitting down before filling this form out to make sure all the roommates have addressed each other’s concerns and that specifics such as the due date for the rent and key deposits are made clear.
Iowa Commercial Lease Agreement
An Iowa commercial lease agreement is for any property that is used for retail, office, or industrial purposes. This type of agreement should be reviewed by an attorney as there is usually more money involved than with a residential lease agreement. Most commonly, the landlord will have to provide a space with a minimally finished interior (called a ‘vanilla box’) for the space requested. The standard commercial lease is three (3) to five (5) years but any duration may be agreed upon. It is advised that the landlord accept a personal guaranty from the lessee, especially if the tenant has started a new business. By requiring a personal guaranty, the owner may pursue the individual’s personal assets in return for the rent that went unpaid if the tenant goes out of business and defaults on the lease.
Agent/Landlord Identification (§ 562A.13) – Person authorized to act in the place of the landlord must be listed in the contract in addition to the address where notices are received.
Lead-Based Paint Disclosure – Federal law that mandates landlords and managers to inform any new tenant of the possibility of lead-based paint if the property was built before 1978.
Shared Utilities (§ 562A.13) – Landlord must disclose if there are shared utility charges and the rate at which the charges and services are calculated and billed to the tenant.
Comprehensive Environmental Response Compensation and Liability Information System (§ 562A.13) – If the property is listed in this database, provided by the Federal Environmental Protection Agency, it must be known to the tenant in their contract.
Iowa Security Deposits
Maximum (§ 562A.12) – The landlord may not charge more than two (2) months’ rent from what is written in the rental contract.
Returning (§ 562A.12(3)(a)) – Landlord is required to give back the deposit within thirty (30) days from the date the tenant vacated the property.