Under the Indiana Landlord-Tenant Act (IC 32-31-3), how many days does a landlord have to return a tenant's security deposit after the lease terminates and the tenant delivers possession of the property?
Correct Answer
B) 45 days after lease termination and delivery of possession
Under IC 32-31-3-12, Indiana landlords must return the security deposit (or provide an itemized written statement of deductions) within 45 days after the lease terminates and the tenant delivers possession. This 45-day rule is Indiana-specific and is a frequently tested distinction on the state exam.
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