Indiana Code 36-1-24.2-1. Privately owned real property; prohibition against regulations having effect of controlling rent or purchase price or of requiring property to be designated for lease or sale based on income or assets
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Sec. 1. A county or municipality may not adopt or enforce a land use or planning ordinance or regulation that would have the effect of:
(2) requiring real property to be designated or reserved for lease or sale to a group of occupants, owners, or residents classified by income or assets.
(1) controlling the amount of rent charged or the purchase price agreed upon for a transaction pertaining to the lease or purchase of privately owned residential or commercial real property; or
Terms Used In Indiana Code 36-1-24.2-1
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
As added by P.L.266-2017, SEC.4.