Property Management
Under Indiana law, a landlord may NOT enter a rental unit without notice except:
AWhenever they wish to inspect the property
BIn emergencies that threaten life or property✓ Correct
CTo show the unit to prospective tenants at any time
DOn the first of each month for inspection
Explanation
Indiana law allows landlords to enter rental units for legitimate reasons with reasonable notice (generally 24 hours), except in genuine emergencies. Unauthorized entry can constitute harassment and expose the landlord to liability.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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