BUSINESS PROPERTY LEASE - Official Form No. 165 - Recorder’s Cover Sheet

Sep 16, 2026

Business Property Lease short form from the Iowa State Bar Association, Official Form No. 165, Recorder’s Cover Sheet. Includes preparer and return-document contact details, grantor and grantee information, page count, legal description reference, and board action date/reference number fields. Provides a lease agreement defining premises in Story County, Iowa, a fixed July 1, 2020 to December 31, 2020 term with renewal conditions, rent terms, security deposit, possession and use limitations, and care/maintenance responsibilities with emergency and work-order procedures.

LanguageEnglish

CategoryForms

FormatPDF

Pages10

Reading Time4 min

AccessFree to download

Recorder’s Cover Sheet

Preparer and Return Document Information

Parties and Property Details

Lease Agreement Sections

Premises and Term

Rent

Security Deposit

Possession

Use

Care and Maintenance

LEASE-BUSINESS PROPERTY-SHORT FORM THE IOWA STATE BAR ASSOCIATION Official Form No. 165 Recorder’s Cover Sheet Preparer Information: (name, address and phone number) Ethan P. Anderson, 1315 South B. Ave., Nevada, IA 50201, Phone: (515) 232-4185 Return Document To: (name and complete address) 1315 South B. Ave Nevada, Iowa 50201 Grantors: Mary Greeley Medical Center Grantees: Story County, Iowa Legal Description: See Page 2 Pages: Nine (9) including this page Official Board Action date: / / Reference Number: BUSINESS PROPERTY LEASE THIS LEASE, made and entered into this day of , 2020 , by and between Story County, Iowa , authorized under the laws of the State of Iowa,("Landlord"), whose address, for the purpose of this lease, is 900 6th Street, Nevada, Iowa, 50201, and Mary Greeley Medical Center, ("Tenant"), whose address for the purpose of this lease is 1111 Duff Avenue, Ames, Iowa, 50010. The parties agree as follows. 1. PREMISES AND TERM. Landlord leases to Tenant the following real estate, situated in Story County, Iowa described as a building property owned by Story County, Iowa and situated in Story County Iowa: (a) The building located at 124 S. Hazel Avenue, Ames, Iowa 50010. Together with all improvements thereon, and all rights, easements and appurtenances thereto belonging, for a term beginning on the 1st day of July, 2020 , and ending on the 31st day of December, 2020 upon the condition that Tenant performs as provided in this lease. The lease may be renewed by the parties for additional one (1) year terms either by signing a new lease or by signing an addendum (subject to the conditions in section two (2)) . This lease shall not automatically renew. 2. RENT. Tenant agrees to pay Landlord as rent $1.00 per term for the property in a single unapportioned lump sum payment, on or before the 1st day of July, 2020. Rent for any partial month shall be prorated as additional rent. Rent beyond the initial term of this lease will be negotiated at the current fair market rate. All rent payments are to be made payable to Story County Iowa, 900 6th Street, Nevada, IA 50201, and delivered to Story County Iowa, 900 6th Street, Nevada, IA 50201 or at such other place as Landlord may designate in writing. Delinquent payments shall draw interest at 5% per annum. 3. SECURITY DEPOSIT. No security deposit for the property is required by the Landlord. 4. POSSESSION. Tenant shall be entitled to possession on the first day of the lease term, and shall yield possession to Landlord at the termination of this lease. SHOULD LANDLORD BE UNABLE TO GIVE POSSESSION ON SAID DATE, TENANT'S ONLY DAMAGES SHALL BE A PRO RATA ABATEMENT OF RENT. 5. USE. It is the understanding of the parties that the intended use of the property is for Mary Greeley Medical Center’s crisis stabilization and transitional living services. Mary Greeley Medical Center shall use the premises only for this business purpose. 6. CARE AND MAINTENANCE. Landlord and Tenant agree to the following. Landlord responsibilities: (a) Landlord shall keep the following in good repair: roof, sewer, plumbing, heating, wiring, air conditioning. Landlord shall have reasonable access to the building in all areas at all times in order to inspect, repair, install building mechanical and structural components. Monthly safety inspections will normally occur on the afternoon shift – 4:00 [p.m. to 12:30 a.m. Monday through](p.m. to 12:30 a.m. Monday through) [Friday](Friday).(CHECKING W/ FACILITIES ON THIS. MAY JUST CONTINUE QUARTERLY INSPECTIONS) Landlord shall not be liable for failure to make any repairs or replacements or alterations unless Landlord fails to do so within a reasonable period of time after written notice from Tenant. Tenant responsibilities: (b) Tenant accepts the premises as is, except as herein provided. (c) Tenant shall maintain the premises in a reasonable safe, serviceable, clean and presen

FAQs

What lease term does the agreement set for the property?

The term begins July 1, 2020 and ends December 31, 2020. Renewal is allowed only for additional one-year terms by signing a new lease or an addendum, and the lease does not automatically renew.

How is rent calculated and when is it due?

Rent is $1.00 per term, paid as a single unapportioned lump sum on or before July 1, 2020. Rent for partial months is prorated as additional rent, and rent beyond the initial term is negotiated at the fair market rate.

Are there requirements for a security deposit?

No security deposit is required by the landlord.

Sep 16, 2026

Uploaded by Caleb Sterling