Indiana Standard Residential Lease Agreement Template
The Indiana standard residential lease agreement is the most common rental contract as it allows for a straightforward one (1) year agreement with a monthly payment schedule. The document is compatible with State law and clearly outlines the terms and conditions of each party’s responsibilities. The landlord may utilize a rental application to ensure that they are accepting only the most diligent and financially secure tenants. A security deposit should be required in addition to the application from the tenant at the beginning of the lease, as it will cover any tenant-induced damage to the property and put the landlord in a more financially secure position. The landlord will typically refund the tenant the cost of the security deposit if the tenant ends the lease with minimal to no damage to the property (within forty-five (45) days at the maximum).
Laws – Title 32, Article 31 (Landlord-Tenant Relations)
Handbook – Renting in Indiana (A Handbook for Tenants and Landlords)