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Indiana Amendment of Lease Package

Category:
Landlord Tenant - Amendments
State:
Indiana
Control #:
IN-P072-PKG
Format:
Word; 
Rich Text; 
PDF
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Description

With this Amendment to Lease Package, you will find the forms that are necessary to modify the terms of a lease. The forms in this package are designed to avoid disagreements over changes to leases and stay in compliance with state law.


Included in your package are the following forms:


  1. Amendment of Residential Lease

  2. Model Lease Amendment for Short Term Rent Deferral

  3. Letter Regarding An Amendment to Tenants Lease

  4. Lease Clause to Keep Responsible After Assigned Lease is Modified


Detailed information on forms included:


  1. Amendment of Residential Lease - This Amendment of Residential Lease permits changes to a lease agreement that will be incorporated as part of the overall lease contract. The structure of this form complies with applicable state statutes.

  2. Model Lease Amendment for Short Term Rent Deferral - This form is a model lease amendment providing rent deferral for financially strapped tenants. It also contains provisions for the payment of any deferred rent.

  3. Letter Regarding An Amendment to Tenants Lease - This letter is sent to the tenant 60 days prior to lease expiration. It explains the effective date of lease amendment and response deadline.

  4. Lease Clause to Keep Responsible After Assigned Lease is Modified - This form is a lease clause that keeps the tenant liable for responsibilities in the lease after it has been modified.

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FAQ

The 45-day letter rule in Indiana refers to a landlord's obligation to provide notice about renewing or terminating a lease at least 45 days before the lease's expiration. This rule ensures tenants have adequate time to make future plans. When managing lease changes, the Indiana Amendment of Lease Package can effectively document any amendments your landlord may agree to.

What is a Lease Amendment? A Lease Amendment is used to modify an existing Lease Agreement between a tenant and landlord by adding or removing clauses, or changing existing clauses. An amendment allows the parties to change the terms without having to sign a new Lease Agreement.

A lease and addendum are esentially the same thing, 'the lease'. The addendum is part of the lease, it does not stand on it's own. If the lease and addendum say different things, but one does not supercede the other, it's ambigious, and the least restrictive clause stands.

Changing the lease You can negotiate certain changes to the lease, sometimes known as 'varying the lease'. Speak to your landlord first. If you can't agree, you may be able to apply to a tribunal - contact Leasehold Advisory Service for advice.

Who Can Amend the Lease? When a landlord and tenant sign a lease agreement it forms a legally binding contract. The lease cannot be altered except through another written agreement signed by both parties unless the original lease specifically gives a party the power to change something on their own.

When a landlord and tenant sign a lease agreement it forms a legally binding contract. The lease cannot be altered except through another written agreement signed by both parties unless the original lease specifically gives a party the power to change something on their own.

A Lease Amendment is a handy tool for both landlords and tenants, making it simple for both parties to document an agreement to modify the terms of the original lease. Essentially, it allows you to change certain terms, while leaving the rest of the lease intact and in full effect.

An addendum must include the basic elements of any landlord/tenant agreement. You should include the date, the address of the rental property and the names of each party just as you would in the original lease.

If you are a leaseholder, you cannot change the lease terms without agreeing such change with your landlord. The reason for this is that as the lease is a contract between two parties, the leaseholder and the landlord, both parties must agree to change (referred to also as variation) of the terms of the lease.

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