Iowa Rental Application
The most important tool a landlord can make use of is the Iowa rental application that should be utilized with every lease agreement. Typically, the landlord will ask the tenant that is applying for a rental contract to complete this form (and sometimes pay for it too). Once complete, the landlord will have access to the applying tenant’s criminal, credit, job, and rental history, to gain a good perspective on the tenant’s personality and habits.
After processing the look-up, the landlord will then make the decision of whether the applying tenant is trustworthy, honest, and financially stable enough to be a good addition to the landlord’s property. To help add security to the landlord’s decision, the landlord can request the already accepted tenant to pay a security deposit, which is typically equivalent to one (1) month’s pay of rent (Under 562A.12 the landlord may only ask for a maximum of two (2) months’ rent) to cover any tenant-caused damage to the property. If the tenant ends the lease without any serious non-maintenance related damage to the property, the landlord will typically reimburse the tenant the cost of the security deposit (Landlord must return the deposit within thirty (30) days).