The House Judiciary Committee heard HB 1191 on land contracts and landlord-tenant matters authored by Rep. Clere. This bill defines “principal dwelling land contract” (contract) as a land contract for the sale of real property designed for the occupancy of one to two families and that is or will be occupied by the buyer as the buyer’s principal dwelling. It provides that the seller under a contract must provide the buyer with certain disclosures at least 10 days before the contract is executed and sets forth disclosures that must be included in a contract and that a violation of disclosure provisions constitutes a deceptive act under the deceptive consumer sales act.
This bill provided a three-day cancellation period for both the buyer and seller, but was amended so that only the buyer is given a cancellation period.
The bill requires notice to a tenant regarding lease termination to include a statement about failure to pay fees, provides that notice is not required to terminate a formal or informal lease in certain situations, and requires a landlord to give a tenant at least 60 days written notice before modifying the rental agreement or increasing the rent. The bill was amended to remove these landlord tenant provisions.
Representatives of Indiana Legal Services, Fair Housing of Indiana, TRI-CAP, and Prosperity Indiana testified in favor of the bill. The amended bill passed 12-0.
Read the bill at: http://iga.in.gov/legislative/2020/bills/house/1191