The lessor must not take possession or discard the tenant`s unit, deny access to a tenant`s land, or even deny access to a tenant to honour the tenant`s obligation to the landlord in accordance with the tenancy agreement. The landlord is required to return the deposit to the tenant within 45 (45) days from the end of the tenancy period. If deductions were required for property damage, overdue rent, unpaid electricity bills, etc., the lessor must provide a broken list of deductions as well as the rest of the deposit. 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. 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. Step 3 – Enter the amount of the dollar that must be received during the term of the lease, and then the dollar amount of the monthly rent. In the last line, document how to pay the rent (i.e. by cheque, which is made to scriptural payments, etc.). 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). Month-to-Month Lease Agreement – By derogation from a typical long-term lease agreement, this lease allows the rental of a property in increments of thirty (30) days, so that each party can terminate the contract with one (1) month`s notice.
The Indiana code does not limit the amount an owner can charge for the upfront cost of a deposit. (The cost of the deposit must be specified in the terms of the lease before the lease begins.) 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. Sublease Contract – Requires the landlord`s agreement to allow the current tenant to “sublet” the property/unit to a secondary tenant (known as a subtenant or subtenant). 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. The Indiana rental agreement (“rental agreement”) documents the terms and conditions between the landlord and the tenant for the purpose of renting a unit.