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Terms Used In Iowa Code 554.13502

  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
554.13502 Notice after default.
Except as otherwise provided in this Article or the lease agreement, the lessor or lessee in
default under the lease contract is not entitled to notice of default or notice of enforcement from the other party to the lease agreement.
94 Acts, ch 1052, §54