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Terms Used In Indiana Code 14-27-7.7-3

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
   Sec. 3. A lease executed under this chapter may provide for renewal at the option of the director, with the approval of the governor.

As added by P.L.16-2009, SEC.23.