Updated April 14, 2023
An Iowa rent-to-own lease agreement is between a landlord that allows a tenant to rent a property with an option to purchase. The landlord will usually require the same screening process as a standard lease. Except, the landlord may give attentional scrutiny to the tenant’s credit and income due to the purchase option.
Rental Application – Obtain a tenant’s personal information and details to run a credit check and background report.