Indiana Residential Lease Agreement – PDF Template
The Indiana residential lease agreement is a real estate contract that allows landlords and tenants to reach an agreement regarding a rental arrangement. 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 makes a decision to approve 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.
Security Deposit Laws
Maximum Amount ($) – No security deposit limit mentioned in Indiana statutes.
Returning – Landlord must return security deposit to tenant (if no deductions are made) no more than forty-five (45) days after the lease has ended (§ 32-31-3-12).
Managers and Agents – Landlord/property owner must provide names and addresses of the person(s) responsible for the management of the dwelling and who is/are authorized to act as 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 – In accordance with Federal law, landlords must provide this disclosure form to tenants if the property was constructed before January 1, 1978.
Rent Grace Period
Indiana statutes do not mention a rent grace period nor any late fees for late rent payments.