Indianapolis Rental Market Trend Report – June 7th, 2021
Indianapolis rental trends unveil active listing surges and considerable renter lead volatility, marked by a distinct dip in average rent. Learn more ...
Read More »For those looking to invest in real estate, Indiana should also be on the top of their list. The job market is booming, the cost of living is low, and there is a low crime rate.
Laws that impact the rental market, landlords, and tenants are constantly being decided in states. Make sure you know what’s on your ballot – find Indiana voting information here.
Must return security deposit within 45 days
30-day notice required before raising rent
No notice required before entering the property
Required to make repairs within a reasonable time frame
When it comes to Indiana rental laws, there are a few specifics landlords need to know:
Indiana does not cap application fees.
Landlords must disclose the property’s flooding risk in the lease if it’s located on a floodplain. This applies when the lowest floor (including basement) is at the 100-year frequency flood elevation.
Build an Indiana lease in 15 minutes or less
There are three sections to a residential lease agreement. The first section outlines the custom details of the contract, such as who’s involved and for what address. Here’s an example Indiana lease agreement listing details found in Section 1:
Below are answers to some of the most commonly-asked questions when it comes to landlord-tenant laws in Indiana:
Renters are able to withhold rent if a landlord fails to make necessary repairs.
Evicting a tenant in Indiana typically takes anywhere from three weeks to four months, depending on the reason for eviction.
Indiana is considered a landlord-friendly state because of the lack of rent control laws and the ability to enter with no notice.
There are four reasons a landlord may file for eviction in Indiana. The four reasons include failure to pay rent, violation of the lease agreement, end of lease term, and illegal activity. Depending on the violation, the landlord must give the tenant notice and anywhere from 10 to 45 days to cure their violation.
If the tenant fails to cure or quit, then the landlord may file a complaint with the court, which costs $97. After the complaint is filed, it will be served to the tenant within five to 20 days. The type of eviction will determine when the hearing will be held.
If the court rules in favor of the landlord, then a writ of execution will be issued anywhere from a few hours to a few days after the ruling. The tenant will have to move out within 48 to 72 hours upon being served the writ of execution depending on the eviction.
Landlords must give a 30-day notice before asking a tenant to vacate the property. If the landlord is asking them to move out because of a lease violation, they only need to give the tenant a 10-day notice.
TurboTenant has utilized many municipal sources, along with official state statutes, in order to compile this information to the best of our ability. However, local laws are always in flux, and landlords and tenants alike should do their due diligence and consult legal help when it’s needed. We hope the following list can serve as a valuable resource and allow you to succeed as a landlord or tenant in Indiana. Be sure to take proper precautions when it comes to finding the top candidates for your unit by utilizing our online rental application and tenant screening services.
Disclaimer: TurboTenant, Inc does not provide legal advice. This material has been prepared for informational purposes only. All users are advised to check all applicable local, state, and federal laws, and consult legal counsel should questions arise.
Create a single Indiana lease agreement, or subscribe and receive unlimited lease agreements, landlord forms pack, and e-signs for a simple annual fee. Be confident with all the legal forms and tools you need as a professional landlord.
Discover Our Unlimited PlanIndianapolis rental trends unveil active listing surges and considerable renter lead volatility, marked by a distinct dip in average rent. Learn more ...
Read More »Uncover Indiana's vibrant rental markets including Indianapolis and Fort Wayne. Learn about rent prices, property leads, and livability scores.
Read More »Indiana's top rental investment cities: Gary, Anderson, Fort Wayne. Exceptional leads, growth, affordability for investors.
Read More »Reading, PA tops TurboTenant's 2020 list of prime rental property investment locations due to high growth and market demand. See the full list!
Read More »Learn about rental application fees, their role, and legalities to ensure fair tenant screening for landlords and renters.
Read More »Join the 550,000+ independent landlords who rely on TurboTenant to create welcoming rental experiences.
No tricks or trials to worry about. So what’s the harm? Try it today!