Property Management
Iowa Code Chapter 562A requires landlords to give tenants at least how much notice to terminate a month-to-month tenancy?
A7 days
B30 days✓ Correct
C60 days
D90 days
Explanation
Under Iowa's URLTA, a month-to-month tenancy may be terminated by either party giving at least 30 days' written notice before the rent due date. This is a minimum; longer notice periods may be negotiated in the lease.
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Key Terms to Know
Right of First Refusal
A contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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