Iowa Commercial Lease Agreement

THIS FORM IS NO LONGER AVAILABLE.

• The guaranty is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
• The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.

Cancel a business lease of office or retail space with this Iowa Mutual Cancellation of Commercial Lease template.

• This agreement is for commercial tenants only. You need a different form for residential rental properties.
• Both the lessor and lessee mutually agree to terminate the lease as of a specific date.
• The cancellation of the lease extinguishes all the rights and obligations of the parties under the lease, except for those which accrue prior to the termination date.
• This form is available as a downloadable and fully editable Word document.
• Intended to be used only in the State of Iowa.

Renew a business tenant's lease with this affordable Iowa Renewal and Extension of Commercial Lease.

• The tenant has no further right to extend or renew the lease.
• The renewal contract sets out the new expiry date and the rental payments for the renewal term.
• All other terms and provisions of the original lease remain in full force and effect.
• This Agreement is for commercial properties. For residential tenancies, a Residential Lease Extension form is required.
• Intended to be used only in the State of Iowa.

Sublet all or part of your leased business space to a subtenant with this Iowa Commercial Sublease Agreement.

This Commercial Sublease allows an Iowa business tenant to sublet all or part of its leased business space to a subtenant. It is designed for various commercial purposes, including office, retail, and other business premises.

Payment Arrangements

Under this agreement, the subtenant is responsible for paying both the security deposit and rent directly to the original tenant. The original tenant then makes the payments to the landlord, ensuring that all financial obligations under the lease are met.

Tenant Responsibilities

The original tenant remains obligated to fulfill all terms and conditions outlined in the head lease throughout the duration of the lease term.

Assignment of Interest

The original tenant assigns its interest in the sublease to the landlord. This provision helps protect the landlord’s rights and interests in the leased premises.

Rent Payment in Case of Default

If the original tenant defaults on any obligations under the head lease, the subtenant may be directed to pay rent directly to the landlord. This ensures that the landlord continues to receive rent payments as stipulated in the lease agreement.

Format and Intended Use

This Commercial Sublease Agreement is available in Microsoft Word format and is intended solely for use within the State of Iowa.