Indiana Commercial Lease Agreement (2025)

As of 2025, Indiana's commercial real estate market remains robust, characterized by a steady demand for office buildings and retail spaces. Average vacancy rates hover around 10% for office spaces and 8% for retail properties, indicating a healthy interest in commercial leases. Lease terms typically range from three to ten years, with many agreements incorporating renewal options to accommodate business growth. The state has seen a trend toward mixed-use developments, combining retail, office, and residential spaces to meet the evolving needs of businesses and consumers.

• Maintain Building Safety: Indiana landlords must ensure buildings meet state safety codes, including fire safety and structural integrity.
• Provide Essential Services: Landlords are responsible for maintaining essential services such as water, electricity, and HVAC systems.
• Compliance with ADA: Ensure properties comply with the Americans with Disabilities Act to accommodate tenants and visitors with disabilities.
• Property Maintenance: Regular upkeep of common areas, including landscaping and cleaning, is mandatory to provide a safe and welcoming environment.
• Disclosure of Environmental Hazards: Landlords must disclose known environmental hazards, such as asbestos or lead, to protect tenant health.

• Right to Quiet Enjoyment: Tenants have the right to use the leased property without interference from the landlord.
• Right to Withhold Rent: If essential services are not provided, tenants may have the right to withhold rent until issues are resolved.
• Right to Request Repairs: Tenants can request necessary repairs to maintain a safe and functional property.
• Protection Against Unlawful Evictions: Indiana tenants are protected from eviction without proper legal process.
• Right to Negotiate Lease Terms: Tenants can negotiate lease terms, including rent increases and renewal options, to better suit their business needs.

In Indiana, commercial lease agreements must adhere to state-specific regulations, including zoning laws that dictate the allowable use of properties. Businesses must obtain the necessary permits and licenses to operate legally within their designated zones. Additionally, commercial tenants are typically required to maintain liability insurance to protect against potential claims. Understanding these requirements ensures compliance and reduces the risk of legal complications.

Office buildings, retail spaces, and general commercial properties

State: Indiana

Property Type: Commercial

Document: Commercial Lease