"Rental agreement" defined

Sec. 7. (a) As used in this chapter, "rental agreement" means an agreement together with any modifications, embodying the terms and conditions concerning the use and occupancy of a rental unit. (b) The term includes an agreement, regardless of what the agreement is called, that satisfies the following: (1) The agreement is entered into after June 30, 2008. (2) The agreement provides for a rental period, explicitly or implicitly, regardless of the term of the rental period. (3) The agreement contains an option to purchase. [Pre-2002 Recodification Citation: 32-7-5-7.] As added by P.L.2-2002, SEC.16. Amended by P.L.62-2008, SEC.2.