Sec. 7. (a) As used in this chapter, “rental agreement” means an agreement together with any modifications, embodying the terms and conditions concerning the use and occupancy of a rental unit.

     (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