The most commonly used Indiana lease agreement is a standard residential lease agreement. This covers the rental of a real estate property. It includes provisions for occupancy such as:
- Lease duration
- Monthly rent payment terms
- Security deposit details
- Maintenance responsibilities
- Rules for termination
Which disclosures belong in an Indiana lease agreement?
An Indiana lease agreement should include certain disclosures to comply with state laws and protect the rights of both parties.
Lead-based paint disclosure
If the property was built before 1978, federal law requires the landlord to disclose any known information about lead-based paint hazards to potential tenants.
Mold disclosure
Indiana law does not require mold disclosures, but it's a good practice to inform tenants about any known mold issues or prevention measures.
Methamphetamine contamination disclosure
Indiana law requires landlords to disclose any knowledge of methamphetamine contamination on the property.
Indiana law does not put a limit on security deposit amounts.
Landlords must hold deposits in a separate escrow account and provide renters with a written statement of its condition.
Landlords have 45 days after the end of the lease to return the deposit, with an itemized list of any deductions.
Frequently asked questions
Absolutely. Our template is fully customizable, allowing you to add, remove, or modify clauses to suit your unique requirements.
Yes, an Indiana lease agreement is valid once both parties sign it. It’s essential to read and understand the terms before signing.
Early termination or eviction may be possible under certain circumstances. For example, such as mutual agreement, breach of contract, or military deployment. Refer to the lease agreement for specific termination provisions.
Yes, Indiana allows landlords to charge a reasonable late fee for overdue rent. The amount should be stated in the term of the lease.
In general, tenants are responsible for minor repairs during their tenancy. Major repairs and maintenance are typically the landlord's responsibility unless otherwise specified in the lease agreement.
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