Limitation on term of lease

Ind. Code § 36-1-10-6, under Leasing and Lease-Purchasing Structures.

Ind. Code § 36-1-10-6

Sec. 6. A leasing agent may not enter into a lease for a period of more than fifty (50) years. [Pre-Local Government Recodification Citation: 18-5-3.3-1 part.] As added by Acts 1981, P.L.57, SEC.36.