554.13501 Default — procedure. 1. Whether the lessor or the lessee is in default under a lease contract is determined by the lease agreement and this Article. 2. If the lessor or the lessee is in default under the lease contract, the party seeking enforcement has rights and remedies as provided in this Article and, except as limited bythis Article, as provided in the lease agreement. 3. If the lessor or the lessee is in default under the lease contract, the party seeking enforcement may reduce the party’s claim to judgment, or otherwise enforce the leasecontract by self-help or any available judicial procedure or nonjudicial procedure, includingadministrative proceeding, arbitration, or the like, in accordance with this Article. 4. Except as otherwise provided in section 554.1305, subsection 1, or this Article or the lease agreement, the rights and remedies referred to in subsections 2 and 3 are cumulative. 5. If the lease agreement covers both real property and goods, the party seeking enforcement may proceed under this part as to the goods, or under other applicable law asto both the real property and the goods in accordance with that party’s rights and remediesin respect of the g enforcement may proceed under this part as to the goods, or under other applicable law asto both the real property and the goods in accordance with that party’s rights and remediesin respect of the real property, in which case this part does not apply. 94 Acts, ch 1052, §53; 2007 Acts, ch 41, §35; 2017 Acts, ch 54, §70Referred to in §554.13303 Sat Dec 23 11:03:24 2023 Iowa Code 2024, Section 554.13501 (26, 0)
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