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An Iowa Lease Agreement is when a landlord rents residential or commercial property to a tenant. The tenant will sign a lease agreeing to pay rent and maintain the property until it is terminated. Before signing a lease, the landlord will ask tenants to fill out a rental application to do a credit check and verify the tenant's income through their job, copies of pay stubs, or tax returns from the previous year. Prior to moving into the premises, the renter will be required to pay the first (1st) month's rent as well as any security deposit.
Due to damage by renters, to protect themselves from money loss, landlords often seek security deposits. This deposit acts as an incentive to the renter to keep the unit in good condition.
Note: As regards the maximum, from the specified amount written in the rental agreement, the landlord may not charge more than two (2) months' rent (§ 562A.12).
There are about seven (7) types of lease agreements in this section. These include
Commercial - This is used to rent properties such as offices, and retail spaces for business purposes. Commercial leases are often longer (three to five years) and provide fewer safeguards and guarantees for the tenant than residential leases.
Month-to-month - As the name implies, it typically lasts for thirty(30) days. In case of termination, either party (landlord or tenant) is obliged to give at least a month’s notice (30 days).
Rent-to-own - Residential agreement with a property ownership option for the renter after a time period. As per the purchase option, the tenant’s credit and income may be attentively screened by the landlord.
Roommate - This is between individuals renting the same property as co-habitants. This does not involve the property owner/landlord, once the original tenancy is terminated without renewal, all habitants are to vacate the premises.
Standard - This is a fixed-term residential agreement, usually for a period of a year- twelve (12) months. These are difficult to terminate and guarantee more security for all parties involved.
Sublease lease agreements - This is used when a tenant decides to rent their property to another individual (subtenant). Unless otherwise expressed in writing, the subtenant is not legally permitted to maintain a residence if the sublandlord's main lease is not in effect.
Any information concerning the property or a renter's rights shared with them is referred to as a disclosure. These disclosures are discussed with tenants before they move in, and may be included in the lease, rental agreement, or other written instrument. There are four (4) required disclosures in this rental and leasing agreement. They are as follows:
Agent/Landlord Identification
Lead-based Paint Disclosure
Shared Utilities
Comprehensive Environmental Response And Liability Information System
Before entering the premises for maintenance, inspection, or any other issues except for emergencies, the landlord must give notice to the tenant within a twenty-four (24) hour period.
You can download the agreement from this page in either PDF or Word format. Conversely, you can use our document builder to create your own Iowa lease agreement.
Step 1: Enter the signing date, as well as the landlord's and tenant's details (Name, Mailing Address, City, and State).
Step 2: Check one of the boxes if your lease is a fixed or month-to-month lease. If no renewal is requested at the end of the lease term/tenure, choose one of the two options if the lease term/tenure is fixed.
Step 3: Check one of the boxes to indicate whether there are any other people living on the property besides the tenant.
Step 4: This section deals with information pertinent to the property (Mailing address, city, state, residence type, number of bedrooms, and bathrooms).
Step 5: Check one of the boxes to indicate the tenant's or occupant's purpose and use of the property, as well as the furnishing and provision of appliances.
Step 6: The rent, NSF (Non-Sufficient Funds) checks, late fees, 1st month's rent, prepayment, proration period, security deposit, and move-in inspection report all required information.
Step 7: Using the information in the following sections, fill in the gaps in the landlord's and tenant's obligations and rights. These include parking, sale of property, utilities, early termination, smoking policies, pets, notices, agent/manager, access, subletting, maintenance/repairs, noise/waste, guests, hazardous materials, shared utilities, comprehensive environmental response compensation, liability information system, lead paint, and governing laws.
Step 8: Include additional terms and conditions that may apply, if any. By signing and printing their names, all parties involved have agreed to all of the terms and conditions.
Note: The tenant's print name and signature must be written and signed twice by the party.
Step 9: The whole sum owed at the time of signing should be stated and explained in detail. The security deposit, first month's rent, parking and pet fees, rent prepayment, and proration amount are all included.
Note: The tenant's print name and signature must be written and signed twice by the party.
Step 10: All parties have reviewed the disclosure information on lead-based paint/lead-based paint hazards. It requires all parties involved to sign and print their names, indicating that they agree to the accuracy and truthfulness of the information presented.
Note: The tenant's print name and signature must be written and signed twice by the party.