{"data":{"id":"us-in/ic-20-47-3-7","jurisdiction":"us-in","citation":"IC 20-47-3-7","heading":"Permissible provisions of lease; payment of taxes; insurance","body":"Sec. 7. A lease entered into under this chapter may provide that as a part of the lease rental for the school building or buildings the lessee or lessees shall:\n(1) pay all taxes and assessments levied against or on account of the leased property;\n(2) maintain insurance on the leased property for the benefit of the lessor corporation; and\n(3) assume all responsibilities for repair and alterations of the leased property during the term of the lease.","path":["TITLE 20. EDUCATION","ARTICLE 47. RELATED ENTITIES; HOLDING COMPANIES; LEASE AGREEMENTS","Chapter 3. Private Holding Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-47-3-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"9a9e83238d95e056b00b08a16bccbb457959e7b055f0e8802d369618d38ff2f8","source_id":"us-in","stale":false,"prev":"us-in/ic-20-47-3-6","next":"us-in/ic-20-47-3-8"},"notice":"GroundRules: Original legal text. Not legal advice."}