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Iowa Standard Residential Lease Agreement

An Iowa standard residential lease agreement obligates a landlord and a tenant to agree on terms and conditions for the rental of a property. Typically this type of lease applies to a definitive time period, often one year.
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Rental Application – A means for landlords to conduct background checks on prospective tenants.

Required Disclosures (4)

  1. Agent/Landlord Identification – The landlord’s contact information and contact information for any agent authorized to act on the landlord’s behalf must be disclosed to the tenant.[1]
  2. Lead-Based Paint Disclosure & EPA Pamphlet – If the property was built before 1978, the landlord must disclose to the tenant that lead-based paint could have been used.
  3. Shared Utilities – If utilities are shared, then the tenant must be made aware of how the charges get broken down.[2]
  4. Comprehensive Environmental Response Compensation and Liability Information System – If the property is listed on this system, the lease agreement must explicitly state it.

Security Deposit Laws

Maximum Amount – Up to two months’ rent.[3]

Returning – A security deposit must be returned 30 days after the tenant has left the property.[4]

Rent Payment Laws

Grace Period – None.

Maximum Late Fee – If rent is $700 or less, then the late penalty can be a maximum of $12 per day and no more than $60 per month. If rent is more, the penalty can be a maximum of $20 per day and no more than $100 per month.[5]

NSF Fee – A landlord can charge $25 for a bad check.[6]