(b) The term includes an agreement, regardless of what the agreement is called, that satisfies the following:
(1) The agreement is entered into after June 30, 2008.
(2) The agreement provides for a rental period, explicitly or implicitly, regardless of the term of the rental period.
(3) The agreement contains an option to purchase.
[Pre-2002 Recodification Citation: 32-7-5-7.]
As added by P.L.2-2002, SEC.16. Amended by P.L.62-2008, SEC.2.
Terms Used In Indiana Code 32-31-3-7
- rental unit: means :
Indiana Code 32-31-3-8