Iowa Security Deposit
Iowa Security Deposits

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IOWA SECURITY DEPOSIT
  • Security deposits are regulated by Iowa Code

  • Landlords are allowed to take a maximum of two (2) months rent as a security deposit.

Deposits can only be used for the following purposes:

To remedy a tenant's default in the payment of rent or of other funds due to the landlord pursuant to the rental agreement.

To restore the dwelling unit to its condition at the commencement of the tenancy, ordinary wear and tear excepted.

To recover expenses incurred in acquiring possession of the premises from a tenant who does not act in good faith in failing to surrender and vacate the premises upon noncompliance with the rental agreement and notification of such noncompliance pursuant to this chapter.

 

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