Property Management
Which of the following is an Iowa landlord's responsibility regarding habitability under the Uniform Residential Landlord and Tenant Act?
AProviding internet service and cable TV
BMaintaining structural components, plumbing, heating, and electrical systems in good working order✓ Correct
CPainting the interior of the unit every two years
DReplacing appliances owned by the tenant
Explanation
Iowa law requires landlords to maintain structural components, plumbing, heating, and electrical systems in working order as part of the implied warranty of habitability, regardless of what the lease says.
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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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