An Indiana commercial lease agreement is a document that facilitates non-residential property leasing transactions within the state. It is designed for various business leasing needs, ensuring adaptability for retail spaces, offices, or industrial facilities, and once signed by both parties, it becomes legally binding.
From maintenance and repair obligations to utility and property tax considerations, the document minimizes the potential for disputes by defining each party’s role in the leasing relationship.
Indiana Business Entity Search: The landlord should verify the status of all applying businesses by accessing their information in the database.
REQUIREMENTS
Rental Laws: Indiana Code Title 26, Article 1, Chapter 2.1 (Leases).
Consumer Protection Laws: Indiana Code § 26-1-2.1-104.
Jurisdiction: According to Indiana Code § 26-1-2.1-106, the jurisdiction should align with the lessee’s residence, the location of the rental unit, or the jurisdiction where the lease is executed; otherwise, the chosen law or judicial forum is not enforceable.
Required Disclosures
- Disclosure of Structure in Flood Plain: If a commercial property sits at or below 100-year flood elevations, this must be disclosed in the rental agreement. (§ 32-31-1-21)
- Disclosure of Property Near a Military Installation: Tenants must be informed of potential military impact if the property is located near a military installation. (§ 32-31-1-21.1)
