Iowa Release of Production Payment by Lessor

State:
Multi-State
Control #:
US-OG-400
Format:
Word; 
Rich Text
Instant download

Description

This form of release is used when Lessor releases, relinquishes, and quit claims to the present owners of the Lease all of a Production Payment interest. From and after the Effective Date, the Production Payment interest in the Lease is deemed to have terminated and is no longer a burden on the leasehold estate created by the Lease.

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FAQ

An Iowa 7-Day Notice to Quit (Non-Compliance) is a form used when the tenant breaches the rental agreement due to material noncompliance or a non-compliance with § 562A. 17. This notice includes the ability of the landlord to describe the acts and omissions constituting the breach.

The landlord shall: (1) Comply with the requirements of applicable building and housing codes materially affecting health and safety. (2) Make all repairs and do whatever is necessary to put and keep the premises in a fit and habitable condition. (3) Keep all common areas of the premises in a clean and safe condition.

2. Timeline Lease Agreement / Type of TenancyNotice to ReceiveWeekly10-Day Notice to QuitMonthly30-Day Notice to QuitLonger than monthly30-Day Notice to Quit

648.3 Notice to quit. Before action can be brought under any ground specified in section 648.1, except section 648.1, subsection 1, three days' notice to quit must be given to the defendant in writing.

Iowa Code section 562A. 12 provides specific requirements for accepting and returning security deposits. When asking for a security deposit, the landlord cannot take more than two months' rent.

Notice for Non-Payment of Rent If rent is not paid when due, the landlord must deliver a "NOTICE TO CURE OR QUIT" (Three-Day Notice form) to the tenant. This notice must state that the rent is due but unpaid, and the landlord intends to terminate the Rental Agreement in three (3) days if the rent is not paid.

562.6 Agreement for termination. If a written agreement is made fixing the time of the termination of a tenancy, the tenancy shall terminate at the time agreed upon, without notice.

A landlord cannot throw tenants or their personal property out without getting a court order first. This is illegal. The court procedure to evict a tenant is called a "forcible entry and detainer." It is more commonly called an eviction. A landlord must follow very specific steps.

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Iowa Release of Production Payment by Lessor