Sec. 6. “Lessor” means an individual or other person who, in the ordinary course of business:

(1) leases;

Terms Used In Indiana Code 24-7-2-6

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(2) offers to lease;

(3) arranges for the leasing of; or

(4) accepts assignments of leases of;

property under a rental purchase agreement.

As added by P.L.254-1987, SEC.1. Amended by P.L.138-1990, SEC.4.