Copyright © 2005, Iowa Association of REALTORS® Page 1 of 5
Iowa Association of REALTORS®
RESIDENTIAL LEASE OR
MONTH-TO-MONTH RENTAL AGREEMENT
____________________________________________________________________________________________________ (“Landlord”) and
___________________________________________________________________________________________, (“Tenant”) agree as follows:
A. Landlord rents to Tenant and Tenant rents from Landlord, the real property and improvements described as: __________________
B. The following personal property is included: ____________________________________________________________________
2. TERM: The term begins on (date) ________________________________________ (“Commencement Date”), (Check A or B):
A. Month-to-month: and continues as a month-to-month tenancy. Either party may terminate the tenancy by giving written notice
to the other at least 30 days prior to the intended termination date, subject to any applicable local laws. Such notice may be
given on any date.
B. Lease: and shall terminate on (date) _________________________________ at ________________AM/PM.
Any holding over after the term of this Agreement expires, with Landlord’s consent, shall create a month-to-month tenancy
which either party may terminate as specified in paragraph 2A. Rent shall be at a rate equal to the rent for the immediately
preceding month, unless otherwise notified by Landlord, payable in advance. All other terms and conditions of this Agreement
shall remain in full force and effect.
A. Tenant agrees to pay rent at the rate of $___________________ per month for the term of the Agreement.
B. Rent is payable in advance on the 1
(or _________) day of each calendar month, and is delinquent on the next day.
C. If Commencement Date falls on any day other than the first day of the month, rent shall be prorated based on a 30-day period. If
Tenant has paid one full month’s rent in advance of Commencement Date, rent for the second calendar month shall be prorated
based on a 30-day period.
D. PAYMENT: The rent shall be paid to (name) _______________________________________, at (address) __________________
__________________________________________________________, or at any other location specified by Landlord in writing
4. SECURITY DEPOSIT:
A. Tenant agrees to pay $_______________________ as a security deposit. Security deposit will be held in an Owner’s account.
B. All or any portion of the security deposit may be used, as reasonably necessary, to: (1) cure Tenant’s default in payment of rent,
Late Charges, NSF fees, or any other sums due; (2) repair damage, excluding ordinary wear and tear, caused by Tenant or by a
guest or licensee of Tenant; (3) clean Premises, if necessary, upon termination of tenancy; and (4) replace or return personal
property or appurtenances. SECURITY DEPOSIT SHALL NOT BE USED BY TENANT IN LIEU OF PAYMENT OF
LAST MONTH’S RENT. If all or any portion of the security deposit is used during tenancy, Tenant agrees to reinstate the total
security deposit within five days after written notice is delivered to Tenant. Within 30 days after Tenant vacates the Premises,
returns keys and leaves forwarding address, Landlord shall (1) furnish Tenant an itemized statement indicating the amount of any
security deposit received and the basis for its disposition, and (2) return any remaining portion of security deposit to Tenant.
C. If security deposit is held by Owner, Tenant agrees not to hold Broker responsible for its return. If security deposit is held in
Owner’s Broker’s trust account, and Broker’s authority is terminated before expiration of this Agreement, and security deposits
are released to someone other than Tenant, then Broker shall notify Tenant, in writing, where and to whom security deposit has
been released. Once Tenant has been provided such notice, Tenant agrees not to hold Broker responsible for security deposit.
5. MOVE-IN COSTS RECEIVED/DUE:
Category Total Due Payment Received Balance Due Date Due
Rent from _______
to ________ (date)
Tenant and Landlord acknowledge receipt of copy of this page, which constitutes Page 1 of 5 Pages.
Tenant’s Initials (________) (________) Landlord’s Initials (________) (________)