This form is a lease agreement. The lessee shall pay all ad valorem taxes assessed against the subject property together with all personal property taxes duly assessed against the personal property located on the premises and shall also pay all privilege, excise and other taxes duly assessed.
Indiana Five-Year Building Lease Agreement
Category:
State:
Multi-State
Control #:
US-60950
Format:
Word;
Rich Text
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How to fill out Five-Year Building Lease Agreement?
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FAQ
Upon the change of ownership of an immovable, the rights and obligations arising from the lease contract shall be transferred to the new owner of the immovable.
Yes, a landlord can certainly sell his property, even with you living there under a lease. The good news is that the lease doesn't go away. The new owner has to buy the place with you in it. The buyer simply steps into the shoes of your current landlord.
The new landlord is obligated to honor the terms of your original lease, for its entire duration. You may, however, be offered an incentive to sign a new agreement.
O You have the right to access your rental property at all times. It is illegal for a landlord to deny a tenant access to his rented property by means of changing locks, barring windows or removing doors. The only way a landlord may deny a tenant entry to a property he is renting is through a court order.
Aside from price, Indiana's low taxes, a no-tolerance policy for non-paying renters, and landlord-friendly security deposit regulations give property owners an edge.
No, lease agreements do not need to be notarized in Indiana. Either party can request that the lease be notarized, or they can agree that the lease should be notified. However, it is not required by Indiana state law.
When Breaking a Lease Is Justified in IndianaYou Are Starting Active Military Duty.You Are a Victim of Domestic Violence.The Rental Unit Is Unsafe or Violates Indiana Health or Safety Codes.Your Landlord Harasses You or Violates Your Privacy Rights.
No, a commercial lease agreement does not need to be notarized in Indiana in order for it to be a legally valid document; however, either party to the lease may choose to have the document notarized.
A notary can play an important role in making sure that a contract is legally enforceable, even if notarization isn't necessary. Just like wills, there is generally no requirement that a contract be notarized in order to be legally binding.
Breaking Lease in IndianaIf 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.