This office lease clause is a landlord-oriented electricity clause. It provides a considerable profit center for the landlord and picks up most of the characteristics and issues where the lessee agrees that lessor may furnish electricity to lessee on a "submetering" basis or on a "rent inclusion" basis.
Iowa Profit Maximizing Aggressive Landlord Oriented Electricity Clause
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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.
Permitted Times: Landlords in Iowa may only enter at reasonable times (Iowa Code § 562A. 19(3)). Emergency Entry: In case of an emergency, the landlord may enter without prior notice or consent (Iowa Code § 562A. 19(2)).
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.
Iowa is considered a landlord-friendly state because it doesn't impose any rent control policies and the notice requirements aren't as high as in other states; this allows the landlords to be more flexible with their rent and notice requirements.
Thirty-day notice to quit: You will receive this notice if you have a month-to-month lease or rental agreement that your landlord wants to end. Under this notice, you will have 30 days to move out of the rental unit (see Iowa Code Ann. § 562A. 34).
For a complete list, see Iowa Code section 562A. 15(1). A landlord also has a duty to keep common areas of the premises in a ?clean and safe condition.? However, the landlord is not liable if you are injured by materials that other tenants have left in the common area.
Can You Withhold Rent in Iowa? The only case in which a tenant may withhold rent in Iowa is under the repair and deduct statute. This takes effect if the landlord fails to make necessary repairs, then the tenant may pay for the repairs and deduct the cost from their next rent payment.
Iowa has a unique method in determining late fees: if the monthly rent is less than $700, then the late fee shall be $12 per day, capping at a maximum fee of $60 per month; if the monthly rent is more than $700, then the late fee shall be $20 per day, capping at a maximum fee of $100 per month.