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Terms Used In Iowa Code 554.13203

  • 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
  • seal: shall include an impression upon the paper alone, or upon wax, a wafer affixed to the paper, or an official stamp of a notarial officer as provided in chapter 9B. See Iowa Code 4.1
554.13203 Seals inoperative.
The affixing of a seal to a writing evidencing a lease contract or an offer to enter into a lease
contract does not render the writing a sealed instrument and the law with respect to sealed instruments does not apply to the lease contract or offer.
94 Acts, ch 1052, §16