An Iowa commercial lease agreement binds a landlord and tenant into a rental contract whereby the use of non-residential property is exchanged for a monthly fee. Typically, commercial leases last anywhere from three to five years, and they often contain a renewal option. Before selecting a tenant, it is recommended the landlord conduct a background check on prospective tenants and their businesses. Tenants who fail to meet background check standards can still qualify through the use of a personal guarantee, which brings in a third-party guarantor who shall vouch for said tenant. All parties must sign the lease into effect upon reaching mutual terms.
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Download: Adobe PDF, MS Word, Rich Text Format
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Download: Adobe PDF, MS Word, Rich Text Format
