Iowa Extension of Primary Term of the Lease

State:
Multi-State
Control #:
US-OG-793
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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How to fill out Extension Of Primary Term Of The Lease?

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FAQ

The board shall not dispose of real property by gift except for a public purpose, as determined by the board, in ance with other state law.

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.

Rent increases may not be instated any sooner than the expiration date of the original lease, renewal, or extension (Iowa Code § 562A. 13(5)). Late Fees: $12 per day if rent is less than $700 per month; $20 per day if rent exceeds $700 per month (Iowa Code § 562A.

Payment of Rent And utilities Generally, rent is due on the first business of the month, unless the lease terms specify otherwise. If failure to pay rent exceeds 5 days after rent is due, the landlord may charge a late fee.

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.

Tenants also have a right to peaceful possession and privacy, although the Iowa Code does authorize landlords to enter the rental to inspect it and to make necessary or agreed upon repairs or improvements, so long as the landlord gives the tenant at least 24-hours' notice.

A landlord may increase the rent price without justification, but they must give their tenant at least 30 days' written notice. Last but not least, there are no current grace periods for Iowa landlords and tenants, meaning that the landlord is free to include (or not) a grace period in the lease document.

In Iowa, a tenant can end a fixed-term lease early without penalty if one of several conditions are met, such as a privacy violation by the landlord. If none of the conditions are met, the tenant is liable for all remaining rent until a new tenant is found.

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Iowa Extension of Primary Term of the Lease