Maximum duration; options to renew

Ind. Code § 36-9-24-4
in effect
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Sec. 4. The term of a lease under this chapter may not exceed fifty (50) years. However, the lease must provide that the municipality has an option to renew the lease for a further term on similar conditions. [Pre-Local Government Recodification Citation: 19-2-5.5-3 part.] As added by Acts 1981, P.L.309, SEC.97.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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