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Indianapolis Indiana Residential or Rental Lease Extension Agreement

Category:
Landlord Tenant - Residential Leases - Amendments
State:
Indiana
City:
Indianapolis
Control #:
IN-826LT
Format:
Word; 
Rich Text
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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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How to fill out Indiana Residential Or Rental Lease Extension Agreement?

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FAQ

How much notice does a landlord have to give in Indiana? To end the rental agreement, meaning you cannot renew your lease for another term, your landlord must give at least 30 days of verbal or written notice for a month-to-month lease and three months for a yearlong lease.

How to extend an Assured Shorthold Tenancy: If you're happy for the tenant to stay, and use an agent, the agent will be able to organise a new fixed term contract for you along with any renewal fees that may be applicable.

Landlord may increase rent once every 12 months, limited to 3% of the current rent, or the regional Consumer Price Index (CPI), whichever is higher. Rent increases are expressly subject to the provisions of AB 1482 California Tenant Protections Act (Cal. Civ.

The option to extend or terminate a tenancy agreement usually comes up at the end of a fixed-term (usually 6 or 12 months) or when everyone involved agrees. Until that point, tenants are responsible for paying the rent even if they pack their bags and move out.

The state of Indiana has no rent increase limit. (IC 32-31-5-4).

Fixed term tenancies can be for any length of term agreed between the landlord and the tenant to suit their circumstances (up to seven years). Longer fixed terms can often provide security to landlords and tenants.

Process for lease extension Check whether you're eligible to extend the lease on your property. You'll need to have owned the leasehold for the property for at least two years. Inform the freeholder that you intend to apply for a lease extension via the statutory route.

There is no legal limit to how much your landlord can raise your rent in Indiana. Without rent control laws, a landlord can legally raise rent by any amount they choose (so long as they provide proper notice).

Without rent control laws, a landlord can legally raise rent by any amount they choose (so long as they provide proper notice). It sounds scary, but it's worth remembering that an exorbitant rent hike is pretty unlikely to occur for two major reasons.

In California, residential rental agreements automatically convert to month-to-month tenancies at the end of your lease term. At the end of each month thereafter, the agreement renews automatically for themselves in perpetuity, as long as you the tenant remains in possession of your home.

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