An Indiana lease agreement is a contract used for renting out property to tenants. The lease is entered into by a property owner/landlord and a tenant. Prior to signing, both parties will go over the agreement together to ensure a mutual understanding and acknowledgment of all written clauses.
The provisions within these agreements communicate important terms such as rent amount, length of the agreement, and termination options, and can be customized to meet the unique needs of the landlord.
Rental application – A form to gather information and permission for background checks from individuals so a landlord may find the most suitable tenant.
Commercial Lease Agreement – Used by landlords who wish to rent out commercial space for business entities, such as restaurants, hotels, offices, etc.
Rent-to-Own Agreement (Lease Option) – For renters who are interested in purchasing a piece of rental property once they have lived in it as a tenant for a certain period of time.
Month-to-Month Lease Agreement – Used by landlords who are renting residential property to an individual on a monthly basis. Either party can terminate this agreement as long as proper notice is provided to the non-terminating party.
Roommate Agreement – Separate from the original lease, a roommate agreement is used by individuals who are living together to set down in writing certain terms such as rent amount, deposits, termination options, and so on.
Standard (1-year) Lease Agreement – A fixed-term rental contract that establishes a one (1) year residential lease.
Sublease Agreement – For tenants who wish to sublet a portion of their rented living space (or the entire unit) to a subtenant.
If the lowest floor of a building is at or below the 100-year frequency flood elevations, the landlord must disclose this fact in writing to the tenant.
The tenant must be given the names and addresses of any owners and property managers who are authorized to act as an agent to the property and serve or receive notices and processes.
If the residence was built before 1978, the landlord is required to give tenants a written disclosure that details the presence of lead-based paint on the premises.
General Access (§ 32-31-5-6(g)) – Reasonable notice must be provided by the landlord before entering premises (no exact time is provided in statutes).
Emergency Access (§ 32-31-5-6(f)) – The landlord may enter the premises without consent if it is for emergency purposes.
Grace Period – No statute.
Maximum Fees ($) – No statute.
Rent Increase Notice (§ 32-31-5-4) – Thirty (30) days’ notice is required for increases in rent.
Maximum Amount ($) – No statute.
Returning to Tenant (§ 32-31-3-12) – The landlord has forty-five (45) days to return the security deposit to the tenant.
Interest Required? – No statute.
Separate Bank Account? – No statute.