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Security Deposits

 security deposits in other states...

 Also see: Normal Wear and Tear

  • Security deposits are regulated by Iowa Code Chapter 562A.12.

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

  • Landlords may have the deposit in an interest-bearing account and are entitled to keep any interest up to five years of the tenancy. (After five years the tenant can request the interest)

Read more in Iowa Security Deposits

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.
    Iowa Security Deposits

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