{"id":1732,"date":"2019-09-20T20:41:48","date_gmt":"2019-09-21T00:41:48","guid":{"rendered":"https:\/\/businesslaw.handponist.com\/blog\/?p=1732"},"modified":"2023-11-28T13:42:01","modified_gmt":"2023-11-28T18:42:01","slug":"land-contract-or-residential-lease","status":"publish","type":"post","link":"https:\/\/www.hpindiana.law\/business-blog\/land-contract-or-residential-lease\/","title":{"rendered":"Land Contract or Residential Lease?"},"content":{"rendered":"

If you’re as old as I am, you might remember the television commercial in which twin sisters argued about the nature of Certs.\u00a0 One said, “Certs is a candy mint,” \"iStock-947147792-300x200\"<\/a>and her sister countered, “Certs is a breath mint.”\u00a0 A booming male voice over said, “Stop. You’re both right. Certs is a candy mint and<\/em> a breath mint. Certs is two, two, two mints in one.”*<\/p>\n

In Rainbow Realty Group, Inc. v. Carter<\/a><\/em>, the Indiana Supreme Court\u00a0 encountered a real estate transaction in which one litigant said, “It’s a land contract,” and the other countered, “It’s a rental agreement.” Unlike the twins in the Certs commercial, only one was right.<\/p>\n

Rainbow was a property manager for a trust that owned multiple houses for sale or rent in Marion County, Indiana. It offered four different types of transactions to its customers.\u00a0 The first three were fairly standard:<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

If you’re as old as I am, you might remember the television commercial in which twin sisters argued about the nature of Certs.\u00a0 One said, “Certs is a candy mint,” and her sister countered, “Certs is a breath mint.”\u00a0 A booming male voice over said, “Stop. You’re both right. Certs is a candy mint and […]<\/p>\n","protected":false},"author":3,"featured_media":1738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,10,16],"tags":[],"class_list":["post-1732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-contract-law","category-indiana-court-decisions","category-real-estate"],"yoast_head":"\nLand Contract or Residential Lease? — Indiana Business Law Blog — September 20, 2019<\/title>\n<meta name=\"description\" content=\"If you're as old as I am, you might remember the television commercial in which twin sisters argued about the nature of Certs.\u00a0 One said, "Certs is a — September 20, 2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hpindiana.law\/business-blog\/land-contract-or-residential-lease\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael R. Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Land Contract or Residential Lease? — Indiana Business Law Blog — September 20, 2019","description":"If you're as old as I am, you might remember the television commercial in which twin sisters argued about the nature of Certs.\u00a0 One said, \"Certs is a — September 20, 2019","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.hpindiana.law\/business-blog\/land-contract-or-residential-lease\/","twitter_misc":{"Written by":"Michael R. 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