Full question:
How much security deposit can I ask my tenant to pay? I wanna know the Iowa law here.
- Category: Landlord Tenant
- Subcategory: Security Deposit
- Date:
- State: Iowa
Answer:
In Iowa, the maximum amount that a landlord can ask his tenant to pay is an amount which is less than two months’ rent.Iowa Code § 562B.13 says:
1. A landlord shall not demand or receive as a security deposit an amount or value in excess of two months' rent.”
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.