§ 32-31-3-13 — Use of deposits

Indiana § 32-31-3-13

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 31: LANDLORD-TENANT RELATIONS
• Ch. 3: Security Deposits

Text

A security deposit may be used only for the
following purposes:
(1) To reimburse the landlord for actual damages to the rental unit
or any ancillary facility that are not the result of ordinary wear and
tear.
(2) To pay the landlord for:
(A) all rent in arrearage under the rental agreement; and
(B) rent due for premature termination of the rental agreement
by the tenant.
(3) To pay for the last payment period of a residential rental
agreement if a written agreement between the landlord and the
tenant stipulates that the security deposit will serve as the last
payment of rent due.
(4) To reimburse the landlord for utility or sewer charges paid by
the landlord that are:
(A) the obligation of the tenant under the rental agreement; and
(B) unpaid by the tenant.
[Pre-2002 Recodification Citation: 32-7-5-13.]

Legislative History

As added by P.L.2-2002, SEC.16.