Property Management
Iowa's URLTA requires landlords to maintain rental premises in a condition that complies with:
AThe tenant's personal preferences
BApplicable building codes materially affecting health and safety✓ Correct
CIREC professional standards
DFederal commercial property regulations
Explanation
Iowa Code Chapter 562A requires landlords to maintain rental premises in compliance with applicable building and housing codes that materially affect health and safety, and to make all necessary repairs to maintain habitability.
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Key Terms to Know
Earnest Money
A 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.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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