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Iowa Contracts Questions & Answers
1 Answer | Asked in Contracts, Business Law and Landlord - Tenant for Iowa on
Q: I am considering a commercial real estate lease in Iowa. The Landlord's attorney will not put just my business name.

I have an LLC, but they insist I also need to be named a Leasee individually. The purpose of the LLC is to maintain separation from me individually, so I don't want to be on the Lease as an individual, just the LLC. Is this legal?

Glenn B. Manishin
Glenn B. Manishin
answered on Apr 20, 2017

Unless Iowa-specific state statutes or court decisions say otherwise, a landlord or other creditor is entitled to ask for a personal guarantee from a corporation's principals. You are also entitled to say no.

1 Answer | Asked in Contracts for Iowa on
Q: Where can I find a copy of the Iowa Prompt Payment Act?
Glenn B. Manishin
Glenn B. Manishin
answered on Mar 9, 2017

http://www.zlien.com/prompt-payment/iowa-prompt-payment-statute/

1 Answer | Asked in Contracts for Iowa on
Q: Me and some friends are starting a independent music business. Should we have a contract ?

Being an independent business, does that mean we dont need a contract ? Do you always want to have a contract no matter what ?

Glenn B. Manishin
Glenn B. Manishin
answered on Feb 8, 2017

It is always best to have a written contract. Note that a contract can be formed orally or by the actions of the parties, and sometimes the law will "imply" a contract to prevent unjust enrichment or other injustice. Since many businesses fail, a written contact would avoid... View More

1 Answer | Asked in Consumer Law, Real Estate Law, Contracts and Legal Malpractice for Iowa on
Q: I was not given any advance notification that my attorney was leaving the law firm, is this acceptable?

I retained an attorney in Iowa (I live in Montana) to represent me in a real estate matter concerning property in Iowa, in March 2016. I have sent a $12,500 retainer, and about half of it has been spent. Today I was informed the the attorney has left that firm and another attorney is picking up... View More

Peter N. Munsing
Peter N. Munsing
answered on Aug 18, 2016

You should have been told in advance, but if there was an emergency--illness etc--then advance notice need not be sent.

As they have your file assuming things are moving along, you need to speak with them find out what their background is what their plans are etc.

1 Answer | Asked in Contracts for Iowa on
Q: Just purchased a car from a dealership and afraid of yo-yo financing scam

On the contract, it states "How this contract can be changed: Important: Read before signing. The Terms of this agreement should be read carefully because only those terms in writing are enforceable. No other terms or oral promises not contained in this written contract may be legally... View More

Adam Studnicki
Adam Studnicki
answered on May 29, 2015

That language won't necessarily prevent other language in the agreements you signed from giving them wiggle room on financing. Hard to say without reading all the agreements.

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