Indiana Commercial Lease Agreement

An Indiana commercial lease agreement is a contract for a tenant to lease industrial, retail, or office space. The agreement sets the responsibilities and rights for both landlords and tenants, as well as details about rent, deadlines, penalties, and other items. The Indiana law that governs commercial leases is Indiana Code Title 26, Article 1, Chapter 2.1. These types of leases are longer and more complicated than a residential lease, so consulting with a lawyer is advisable.

Indiana Commercial Lease Requirements

The following are commercial lease requirements in Indiana: Manager and Agents – Anyone who represents the landlord must have their names and addresses disclosed if they are going to be entering the premises with notice. Access – Landlords and their agents must provide notice before entering the unit. This makes it illegal for these parties to enter the property in a non-emergency situation.

Writing Indiana Commercial Lease Agreements

Landlord’s name and contact information
Property manager’s name and contact information (if any)
Tenant’s name and contact information
Description of the property
Authorized use of the lease property
Type of lease (gross, modified-gross, or triple-net)
Term of the lease and the start date
Option to renew the lease (if any)
Rent amount
Penalty for late/non-payment of rent (including eviction process)
Designation of who pays for utilities and expenses
Security deposit and refund policy
Leasehold improvements allowed by the landlord
Landlord and tenant contact information and form for legal service
Place for the signatures of all parties
Any other terms specific to the lease

Frequently Asked Questions

Does a commercial lease need to be notarized in Indiana? Does a commercial lease need to be notarized in Indiana? No, a commercial lease agreement does not need to be notarized in Indiana in order for it to be a legally valid document; however, either party to the lease may choose to have the document notarized. Read more »