The Indiana Lease of Property for the Erection of Billboards for Advertising Purposes is a legal document that governs the agreement between a property owner (the lessor) and a billboard advertising company (the lessee) for the use of the property to erect billboards. This lease outlines the terms and conditions for the use and maintenance of the property for advertising purposes. Keywords: Indiana, lease, property, erection, billboards, advertising purposes, lessor, lessee, agreement, terms, conditions, use, maintenance. There are different types of Indiana Lease of Property for the Erection of Billboards for Advertising Purposes based on the specific terms and conditions set forth in the agreement. Some common types include: 1. Standard Lease Agreement: This type of lease outlines the general terms and conditions for the use of the property, including rent payment, duration of the lease, responsibilities of the lessor and lessee, and any additional provisions agreed upon by both parties. 2. Exclusive Lease Agreement: In an exclusive lease agreement, the lessor grants the lessee the exclusive right to advertise on the property, meaning no other billboard advertising company will be allowed to erect billboards on the leased property during the lease period. 3. Partial Lease Agreement: A partial lease agreement allows the lessee to erect billboards on only a portion of the lessor's property, rather than the entire property. The terms and conditions for this type of lease may vary depending on the specific area of the property being used. 4. Renewal Lease Agreement: A renewal lease agreement is used when both parties agree to extend the lease period beyond the original terms outlined in the initial lease agreement. This type of lease may include revised rental rates or other modifications to the original terms. 5. Maintenance Agreement: In addition to the lease agreement, some lessors may require a separate maintenance agreement that outlines the lessee's responsibilities for the upkeep and repair of the billboards and the surrounding property. These different types of lease agreements provide flexibility for both lessors and lessees in meeting their specific needs and requirements when it comes to leasing property for the erection of billboards for advertising purposes in Indiana.