On January 22, 2009, the Indiana Supreme Court held in Klotz v. Hoyt that a landlord cannot assert a claim for damages to the subject real estate or retain possession of the security deposit unless a specific notice is provided to the defaulting tenant within 45-days of the tenant surrendering possession. (more…)
Posts Tagged ‘Real Estate Law’
Landlords Beware! Presenting Damages in Court is Not Sufficient.
Tuesday, August 25th, 2009Indiana’s New Good Funds Law
Friday, August 21st, 2009Effective July 1, 2009, Indiana adopted legislation similar to legislation in thirty-two other states requiring “good funds’ in closing real estate purchase and loan transactions. This legislation is designed to protect consumers from fraud or other criminal actions which may occur in a real estate closing. (more…)