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Indiana Residential or Rental Lease Extension Agreement

Category:
Landlord Tenant - Residential Leases - Amendments
State:
Indiana
Control #:
IN-826LT
Format:
Word; 
Rich Text
Instant download
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Description

This is a Residential Lease Extension Agreement to be used in the State of Indiana. It is an agreement to extend the term of a residential lease, with possible modifications.


A lease extension is used to extend the terms of a previous lease between the landlord and tenant. By signing the extension, it is not necessary for the parties to execute a new lease. Generally, all terms of the previous lease are carried over by reference in the extension. Usually, the extension simply extends the term of the prior lease and may contain provisions for a revised rent payment.

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FAQ

As long as the contract spells out specific details and both parties have signed that they agree to the contract's terms, a handwritten contract is legally binding and enforceable in court.

The Lease Must be in Writing It does not matter if the lease is handwritten or typed.

Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.

Breaking Lease in Indiana If you break a lease in Indiana, the landlord can require that you pay rent for the remainder of the term. However, due to the state's requirement that landlords mitigate damages, your landlord is expected to try to find a replacement as soon as possible to let you off the hook.

A lease can be written or verbal, but a verbal lease can be very difficult to enforce.Most leases are fairly standard and cover basic components such as rent amount, duration of lease term, resposiblities of each party and penalties for not following the terms.

You can legally move out without penalties. Just include your landlord in every step toward opting out of the lease. Go over the sections pertaining to breaking the lease. Look for an opt-out clause.

A written agreement can act as a roadmap for the landlord-tenant relationship, especially if a dispute arises. Also, real estate (land) leases for more than one year must be in writing. If a lease for over one year is not in writing, it will generally not be enforceable in court.

In Indiana, tenants have the right to put rent money towards repairs in the event a landlord hasn't made repairs within a reasonable time. Tenants also have the right to terminate a lease agreement when premises become uninhabitable.

The lease becomes legally binding when all parties have signed: the landlord and all tenants living in the unit who are 18 and older. If you're worried about situations where a lease needs to end early, learn about breaking a lease and grounds for eviction.

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