Plain English Breakdown
The bill summary and text do not provide specific details on enforcement actions before June 30, 2026.
Landlord Rules for Doing Business in Indiana
This bill changes rules about who can lease property in Indiana after June 30, 2026.
What This Bill Does
- After June 30, 2026, a landlord must be authorized to do business in Indiana to lease property there.
- A landlord must maintain a residence or office at one or more physical locations in Indiana if they want to rent out properties.
- Landlords can appoint an Indiana licensed real estate broker or company to manage their rental property instead of having a physical address.
- If a landlord owns five or fewer properties, they don't need to follow the other rules.
- The attorney general can take enforcement action against landlords who break these rules.
Who It Names or Affects
- Landlords in Indiana
- People looking for rental homes
Terms To Know
- Attorney General
- A government official who enforces the law and gives legal advice to the state.
- Licensed Real Estate Broker
- Someone with a special license to help people buy, sell, or rent property.
Limits and Unknowns
- The bill does not specify what happens if someone breaks these rules before June 30, 2026.
- It is unclear how the new rules will affect small landlords who own five or fewer properties.