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Real Property for Indiana Paralegals

Leases

If you will remember, while leasing is a form of temporary ownership, it is nonetheless a form of ownership. Therefore, the renter has certain rights equivalent to that of ownership (missing, for instance, the right of disposition and limited in the right of, for instance, exclusion). The longer a lease, the more a lease will begin to look like ownership. Finally, leases are very, very, contract driven, and there are few things that cannot be negotiated and determined by the terms of the contract. However, there are exceptions, especially in residential leases, which are often determined by statute.