Step 9 – The landlord and tenant must indicate an address where they can receive notifications and other official correspondence about the rental agreement or property. The landlord must do this on the first line, while the tenant must do so on the second line of the “Communications” section. 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) The following information or additions are required for either some or all residential rental agreements in Indiana. Create a standard indiana official lease (see above), download a free and comprehensive template form (see Word and PDF buttons) or read on to learn more about Indiana`s state rental laws. The Indiana Residential Lease Agreement (“Lease”) documents the terms between a lessor and a tenant for the purpose of renting housing. This type of agreement can last up to a few years, with rents due each month. The Indiana Standard Residential Lease Agreement is the most common lease because it allows for a simple one-year contract with a monthly payment plan. The document is compatible with the law of the State and clearly defines the conditions of the responsibilities of each party. The landlord can use a rental application to ensure that they only accept the most diligent and financially covered tenants. In addition to the tenant`s request, a deposit should be required.
Step 2 – The second paragraph or “Rental Offer” enter the address and city where the property is located. Then enter the start date of the rental agreement and the date of termination of the rental agreement. Lease to Own Agreement – Resolved two (2) purposes: 1) rents a house or condo to qualified tenants and 2) sets an agreed purchase price for the property, on which tenants can decide as an option. The Indiana lease is a practical document that is obtained if a landlord and tenant wish to enter into a legal agreement on the rental of real estate. As a general rule, the party interested in the use of the residence is required, when visiting the property, to comply with a rental request in order to confirm that it is an acceptable prospect. . . .