Step 9 – The landlord and tenant must each specify an address to which they must communicate messages and other official correspondence. The landlord must do so in the first line, while the tenant must do so in the second line of the “Communications” section. Return (No. 32-31-3-12) – All landlords are required to return the money to the tenant within forty-five (45) days after the end of the lease and the return of the property to the landlord. Create an official Indiana rental property contract (see above), download a free, full-time model form (see word and PDF buttons) or continue reading to learn more about Indiana State lease laws. Monthly month-to-month leasing – This type of express contract, known as the “all-you-can-eat lease,” allows people on both parts of the contract to terminate the terms of the lease at any time, provided that thirty (30) days are filed before the expiry date of the document (p. 32-31-1-1). In order for future legal information and the tenant`s claims to be properly communicated to the lessor, the name and address of the landlord or person who can act on behalf of the lessor must be disclosed in advance (usually in the tenancy agreement). The Indiana rental agreement (“rental agreement”) documents the terms and conditions between the landlord and the tenant for the purpose of renting a unit. This type of agreement can last up to a few years, with rent payments each month. For buildings and housing units in flood-prone areas, Indiana homeowners are required to disclose to tenants in the lease the risk of flooding to which they are exposed. This is the case when the lower floor of the building falls below the flood limit for the area and all tenants must be exposed in the same structure, not just those directly in the flood zone. Lease-to-Own – Also known as a “leasing contract,” this document allows tenants to purchase the property they occupy at any time during the contract.
Lease agreement – Resolves two (2) purposes: 1) rents a house or condo to qualified tenants and 2) sets an agreed purchase price for the property on which tenants can decide as an option. This is a good example of the provisions that a simple lease could contain and the form that should be taken in its final form. The following information or supplements are required for some or all rental contracts in Indiana. Sublease Contract – Allows a tenant to bring another person known as a subtenant to rent the space for which he is under contract until the end of the period or for any other agreed period. As a general rule, the landlord must register for each new tenant. FLOOD ZONE NOTICE. This property is located in a flood zone as defined by the local authorities. The tenant agrees to accept the rental risk by signing this rental agreement. Return to tenant (IC 32-31-3-12): Landlords must not return deposits more than forty-five (45) days after the end of the lease. If there are deductions on the deposit, they must be listed with the amount due next to each deduction.
An Indiana rental agreement is a legal document used in property management to imprison tenants for an average of one (1) year to pay for the rental of a rented apartment. In addition to the federal Fair Housing Act, each document must comply with relevant IN laws. Before signing a rental agreement with a tenant, these must be verified with an Indiana-specific rental application.