Iowa Commercial Lease Agreement – PDF Template
The Iowa commercial lease agreement is for any property where a tenant looking to occupy retail, office, or industrial for business transactions. This type of agreement should be reviewed by an attorney as there is usually more money involved than a residential lease agreement.
Most commonly, the landlord will have to provide a ‘vanilla box’ for the space requested (usually in square feet (SF)). The standard commercial lease is three (3) to five (5) years but may be anytime as agreed upon.
It is advised that the landlord accept a personal guaranty from the lessee in the chance this is a new business. In this case if the tenant should go out of business and default on the lease, the owner may pursue the individual’s personal assets in return for the rent that went unpaid.