An Indiana standard lease agreement is a legally binding contract outlining the terms and conditions for the rental of residential properties. This document covers essential terms such as lease duration, rental payment structure, security deposits, maintenance responsibilities, utility arrangements, pet policies, and lease termination and renewal provisions.
Indiana has specific laws that govern residential leases, including eviction procedures, habitability standards, rent increases, and other aspects of the landlord-tenant relationship. Both parties must comply with these regulations outlined in the lease agreement.
Considerations on Lease Length
- Leases can be of any length as long as the duration is specific and agreed upon in writing by both landlord and tenant. Oral leases are generally limited to a term of not more than three years.
- Leases over three years must be recorded at the local county recorder’s office no more than 45 days after execution (Ind. Code § 32-31-2-1).
- A general tenancy where the premises are occupied with the express or constructive consent of the landlord is considered to be month to month (Ind. Code § 32-31-1-2).
Security Deposit
- Maximum Amount ($): No state-imposed limit
- Returning to Tenant: Within 45 days (Ind. Code § 32-31-3-12(a)(3))
Rent Grace Period
There is no grace period for late rent payments.
Landlord Resources
- Landlord-Tenant Laws – Landlord-Tenant Relations (Ind. Code § 32-31).
- Handbook – A Handbook for Tenants and Landlords.
