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Terms Used In Iowa Code 554.13301

  • 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
554.13301 Enforceability of lease contract.
Except as otherwise provided in this Article, a lease contract is effective and enforceable
according to its terms between the parties, against purchasers of the goods and against creditors of the parties.
94 Acts, ch 1052, §35