Indiana Residential Lease Agreement | PDF
An Indiana residential lease agreement is a rental contract that allows a tenant to occupy space from a landlord by payment of monthly rent. Before signing a lease, the landlord would be wise to ask the potential tenant to fill out a rental application. This will allow the verification of the person’s employment (including income), credit report/score, background information, and previous landlord or management company references. Once the landlord approves the tenant, the terms and conditions of the lease can be negotiated. At the lease is signed by both parties, all deposits (such as a security deposit and/or last month’s rent) must be paid by the tenant so the landlord can give them access to their rented property.
Table of Contents
Security Deposit Laws
Maximum Amount ($) – No security deposit limit is mentioned in Indiana statutes.
Returning – The landlord must return the security deposit to the tenant (if no deductions are made) no more than forty-five (45) days after the lease has ended (§ 32-31-3-12).
Required Disclosures
Managers and Agents – The landlord/property owner must provide the names and addresses of the person(s) responsible for the management of the dwelling and who is/are authorized to act as the agent for the property owner (§ 32-31-3-18).
Flood – If a property is in a 100-year flood plain (and the lease was created or renewed after June 30, 2009), the landlord must disclose in the rental agreement that the dwelling is located within said flood plain (§ 32-31-1-21).
Lead-Based Paint – Per federal law, landlords must provide this disclosure form to tenants if the property was constructed before January 1, 1978.
Rent Grace Period
There is no rent grace period in Indiana. The rent is due on the day mentioned in the lease agreement.
If the tenant does not pay rent on the due date stated in the rental contract, the landlord can issue a 10-day notice to quit, which will terminate the lease if not paid, in full, by the end of the period (§ 32-31-1-6).
