![]() ![]() Interest Requirement: Landlords are only required to provide interest if they choose to hold security deposits in an interest-bearing account.Holding Requirement: Landlords must hold security deposits in a trust account or a federally-insured bank, credit union, or savings and loan association.Inventory Requirement: Landlords are not required to document the condition of the rental unit at the start of the lease term in order to collect security deposits.It’s illegal for Iowa landlords to retaliate with raised rent, reduced services, or threatened eviction against tenants who have taken a protected action like reporting a landlord to government authorities for health and safety violations.Ĭollections & Holdings: The following laws apply to the collection and holding of security deposits: Landlords are prohibited from evicting tenants as a form of retaliation or for discriminatory reasons. Examples of illegal activities that warrant eviction in Iowa include assault, selling or using drugs, or owning an unregistered firearm. of the property, then the landlord may issue a 3-Day Notice to Quit. ![]()
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