Property Management
Iowa's tenant protection against retaliatory rent increases requires that a rent increase within what period after a tenant exercises a legal right creates a presumption of retaliation?
A30 days
B12 months✓ Correct
C6 months
D90 days
Explanation
Iowa Code Chapter 562A creates a rebuttable presumption of retaliatory conduct if a landlord raises rent, reduces services, or initiates an eviction within 12 months of the tenant reporting code violations, organizing tenants, or exercising other protected rights.
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Key Terms to Know
Option Contract
A contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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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