An Indiana lease agreement is a legally binding document between a landlord who rents property and a tenant who is charged a monthly rent for it. Before occupancy can occur, the tenant may be required to cover a security deposit.
The contract should outline the agreed-upon lease terms, which typically include the property address and description, landlord and tenant information, payment terms, disclosures regarding potential hazards, or pet prohibitions.
By Type (6)
Standard Lease Agreement
Allows a tenant to enter into an agreement to lease a landlord’s residential property.
Room Rental Agreement
Details the living arrangement between a primary tenant and a subtenant renting a single room.
Commercial Lease Agreement
Outlines the terms and conditions of a rental arrangement between a landlord and a business.
Rent-to-Own Lease Agreement
Grants tenants the exclusive option to purchase the property before the lease concludes.
Month-to-Month Rental Agreement
Use to allow residents to choose to inhabit a property on a month-to-month basis, without being tied to a long-term commitment.
Sublease Agreement
Provides the subtenant with the authorization to lease either the entirety or a portion of the rented property for a defined duration.
Laws
Overview
Rent Control: No.
Limit on Late Fees: No.
Late Fees in Rental Agreement: Yes.
Grace Period: No.
License Required for Landlord: No.
Required Lease Disclosures
When executing a lease agreement, Indiana law requires that landlords provide the following disclosures:
- Identification. Contact details are required from the landlord and all the parties authorized to manage the property (§ 32-31-3-18).
- Disclosure of Flood Hazard Area is necessary for lease agreements after June 30, 2009 (§ 32-31-1-21).
- Carbon Monoxide & Smoke Detector Addendum. The tenant must acknowledge in writing that the property has a functional smoke detector (§ 32-31-5-7).
- Disclosure of Lead-Based Hazards must be attached if a property was built prior to 1978. (Title 42 U.S. Code § 4852(d))
Security Deposit
Indiana does not impose a state-mandated cap on security deposits. Landlords are free to request any amount they choose from tenants.
Tenants are entitled to their full deposit if the property is returned in “good order.” The landlord may not use the deposit to pay for what is deemed normal “wear and tear.” The security deposit must be returned within 45 from the termination of the lease (§ 32-31-3-12).
Landlord Right of Entry
Landlords must give tenants advanced notice before entering a leased premises (§ 32-31-5-6).
Utilities and Common Areas
A landlord shall provide and maintain all electrical, sanitary, plumbing, heating, ventilating, and air conditioning systems. A heating system must adequately deliver heat at all hours.
A landlord must keep common areas reasonably clean, keep properties up to health and sanitation codes, and not discriminate against their tenants based on sexual orientation, gender, race, or disabilities.
Sample
The Indiana lease agreement template below defines all necessary rental terms.