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Indiana bonds

Indiana — Tenant Lease Bond

Indiana Code Title 32 Article 31 Chapter 3 establishes state-wide statutory procedures governing the handling and return of residential security deposits. Match your Indiana Tenant Lease Bond purchase to the written request for your business or project.

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Recorded state
Indiana
Bond type
Lease / Tenant Security Deposit Bond
Category
Real estate & property

What this bond does

Use this offering for the obligation identified in your written request. Match the applicant, named recipient, requested wording, and amount before purchasing.

Who needs it
Buyers preparing the Indiana Tenant Lease Bond identified in their business, account or project correspondence.
Who it protects
The recipient and undertaking named in the issued form define the financial security being purchased. Keep those details aligned with the written request.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Return of Deposits and Liability

Upon termination of a rental agreement, landlords are required to return security deposits minus any itemized deductions for accrued rent, damages, or unpaid utility and sewer charges. Landlords must deliver this written itemization and any remaining balance to the tenant within forty-five days after the termination of occupancy and delivery of possession.

The tenant must provide the landlord with a written mailing address to facilitate the delivery of these notices. If a landlord fails to provide the required notice of damages, they forfeit the right to withhold any portion of the deposit and must remit the full amount to the tenant immediately.

Disclosure Requirements

Landlords or their authorized agents must disclose in writing the names and addresses of individuals authorized to manage the dwelling unit and act as agents for service of process. This information must be provided to the tenant at or before the commencement of the rental agreement.

Failure to disclose this information makes the non-compliant party an agent of the landlord for the purposes of receiving notices and demands. If the information is not disclosed as required, tenants may recover expenses reasonably incurred in identifying the relevant parties.

Match the request, then purchase

Keep the written Indiana Tenant Lease Bond request available when preparing the purchase. Use its legal applicant name, named recipient, requested amount, and project or account reference.

Purchase Now opens the exact linked provider checkout in a new tab. Enter the details for this offering there. Keep the issued document with your request and follow the delivery directions accompanying that request. A bond purchase does not itself issue a license, grant a permit or approve a utility account.

Sources

Have these ready

  1. Keep the written request for Indiana Tenant Lease Bond available.
  2. Match the applicant’s legal name and the recipient named on that request.
  3. Identify the requested amount separately from the purchase premium.
  4. Keep the project, account or registration reference with your documents.

Questions about this bond

What items may a landlord deduct from a security deposit?

Deductions may cover actual damages exceeding ordinary wear and tear, unpaid rent, and unpaid utility or sewer charges that were the tenant's obligation under the rental agreement.

Can a security deposit be used to pay the final month's rent?

A deposit may be used to pay for the last rental period if a written agreement specifically stipulates that the security deposit will serve as the final rent payment.

What happens if a property is sold while a tenant is in residence?

The original landlord remains liable for the security deposit for one year after notifying the tenant of the sale, unless the purchaser assumes the liability and the deposit is transferred to the new owner.

How do I purchase this offering?

Use Purchase Now to open the linked provider checkout in a new tab. Match the details to your written request; the purchase is separate from any license, permit or account approval.

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