Indiana Residential Rental Agreement

The following model lease agreement describes a contract between “owner” Katie Harris and “tenant” Jennifer Phillips. She agrees to rent a duplex in Indianapolis for US$1,000 per month for a fixed term starting June 20, 2017 and ending on December 20, 2017. The tenant undertakes to pay all ancillary costs and services of the premises. The following information or additions are required for either some or all residential rental agreements in Indiana. Indiana has two types of leases – periodic rental and lease as desired. The former are for a fixed term and are usually written, while a lease can be oral after agreement, lasts indefinitely and resembles a monthly rental agreement. An indiana Residential Lease Agreement is a mandatory contract between a landlord and a tenant for the rental of a housing unit, townhouse or detached house. These agreements contain the essential terms of a lease, including the tenancy, maturity date, sureties, notices of eviction or termination or increase of rent and the various obligations that each party owes to the other. The Indiana Standard Lease Agreement Template is a contract intended to provide the documentation necessary to consolidate the lease agreement between a tenant. It is a reusable contract intended to fully address the standard concerns, conditions and conditions that often need to be covered when one finds oneself in such a situation. This means that there will be several negotiable elements for which it will be necessary to enter information that can be considered unique for the parties, ownership and agreement. Such documentation of an agreement promotes a good landlord-tenant relationship.

Sublease Agreement – Allows a tenant to bring someone else, known as a subtenant, to rent the space for which they are agreed until the end of the period or another agreed date. As a general rule, the landlord must sign all new tenants. A residential rental agreement in Indiana has many aspects that all landlords should familiarize themselves with before a tenant signs one. Make sure you understand your own commitments as well as those of your tenant in order to minimize misunderstandings and ensure a long-term and profitable relationship. Monthly Lease – A type of contract that allows each party, owner or tenant, to rent a dwelling and have the option to terminate at any time with a period of at least one (1) month. Remember that not all states have the same rental and leasing requirements and often differ on important issues. If the lowest floor (including the basement) of a residential building is located in a flood zone recognized by the State, the landlord must inform the tenant. (CI 32-31-1-21) Your residential rental agreement in Indiana should contain the following terms and provisions: When executing a lease or lease, Indiana imposes specific and clear requirements on landlords and tenants. For example, Indiana law provides that all rental units built before 1978 apply. Create a standard indiana official rental agreement (see above), download a free, fillable template form (see Word and PDF buttons), or read on to learn more about the laws of the state of Indiana regarding rental agreements…