The Indiana standard residential lease agreement is used by landlords to establish the terms and conditions under which a tenant is permitted to lease residential real estate. Lease agreements are fundamental in defining the legal rights of the parties during the contract term. Conditions such as the monthly rent, lease expiration date, security deposit amount, and late fees are addressed in the agreement. The tenant is often required to supply a security deposit to cover any damages that may occur during the lease term. In these cases, the tenant should inspect the premises with the landlord to determine where any repairs are needed.
Rental Laws – Title 32, Art. 31 (Landlord-Tenant Relations)
Handbook (Guide) – Renting in Indiana – A Handbook for Tenants and Landlords
Maximum (§ 32-31-3-12) – No Limit
Returning (§ 32-31-3-12) – Forty-Five (45) Days
State statutes do not specify when rent is due. Therefore, the tenant must pay rent in the manner indicated in the rental agreement.
If the lowest floor or basement of a residence is located at or below 100-year frequency flood elevations, the landlord must disclose this to prospective tenants before a lease is signed.
Before executing a lease agreement, the landlord must disclose the names and addresses of any individual who is authorized to manage the property, access the property, or receive/issue notices and demands.
The landlord must disclose the presence of lead-based paint to tenants if their rental property was constructed before 1978.