This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
Indiana Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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US-OL4A012A
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How to fill out Clause Providing For The Periodic Increase In The Tenant Security To Reflect Increases In Base Rent?
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FAQ
Rent Increases & Related Fees Under Indiana Law As such, landlords can set rental prices as high as they want. Rent increases. There are no limits to how much Indian landlords can raise rent but state law requires landlords to give tenants at least 30 days of written notice before raising rental prices.
It's legal for a landlord in Indiana to raise rent by any amount they see fit ? there's no state-wide cap.
Your landlord cannot turn off your utilities. You have the right to privacy in the rental premises. Your lease agreement likely says when your landlord may come into your home. Usually, lease agreements say that your landlord may come in to do emergency repairs, routine or needed maintenance, and inspections.
Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living ? whichever is lower ? over a 12-month period.
In Indiana, a property owner must serve a termination letter with at least 30 days' notice. The end date is determined by when the notice was sent, not when it was received or read by the tenant. This means that if a termination notice is served on October 1st, the tenant must vacate by October 31st.
Unless otherwise provided by a written rental agreement between a landlord and tenant, a landlord shall give the tenant at least thirty (30) days written notice before modifying the rental agreement.
A commercial escalation clause is always included in commercial real estate leases. It allows the landlord to increase the rate of your rent ing to a specific timeline or ing to certain triggers included in the clause.
(a) As used in this chapter, "security deposit" means a deposit paid by a tenant to the landlord or the landlord's agent to be held for all or a part of the term of the rental agreement to secure performance of any obligation of the tenant under the rental agreement.
