Terms Used In Indiana Code 24-5-13-3.4

• Contract: A legal written agreement that becomes binding when signed.
• 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}
• lease: means a contract in the form of a lease or bailment for the use of a motor vehicle by a person for more than four (4) months, whether or not the lessee has the option to purchase or otherwise become the owner of the property at the expiration of the lease. See Indiana Code 24-5-13-3.4
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• vehicle: means any self-propelled vehicle that:

  Indiana Code 24-5-13-5