Indiana · 2026 Regular Session
Commercial property services contracts. Defines a "commercial property services contract" as a contract that: (1) is initially entered into by a service provider and a property owner after June 30, 2026; and (2) provides for the provision of services and any personal property related to providing, or necessary to provide, those services; with respect to the property owner's commercial property. Provides that any automatic renewal clause included in a commercial property services contract: (1) may not provide for a renewal term that is longer than 12 months; and (2) must specify a time frame during which the property owner may give notice to the service provider of the property owner's intent to terminate the contract, or any subsequent renewal of the contract, at the end of the contract term or renewal term. Specifies that the time frame during which the property owner may give notice of the property owner's intent to terminate the contract or a renewal of the contract must: (1) begin at least 120 days before; and (2) end not later than 30 days before; the expiration of the contract term or renewal term. Provides that an automatic renewal clause that does not conform to the…
First reading: referred to Committee on Judiciary (2026-01-08)