Sec. 7. (a) As used in this chapter, "rental agreement" means an agreement together with any modifications, embodying the terms and conditions concerning the use and occupancy of a rental unit. (b) The term includes an agreement, regardless of what the agreement is called, that satisfies the following: (1) The agreement is entered into after June 30, 2008. (2) The agreement provides for a rental period, explicitly or implicitly, regardless of the term of the rental period. (3) The agreement contains an option to purchase. [Pre-2002 Recodification Citation: 32-7-5-7.]
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