Indiana Seller Financing Notices

Summary

In Indiana, seller financing agreements are governed by contract terms. If silent on notice requirements, Indiana law doesnt impose them, but good faith is required. Mislabeling notices with landlord/tenant codes may affect interpretation. Consult an attorney for guidance.

Full Conversation

Okay what if in the contract it doesn’t say anything about written notices of sale
If the contract doesn't specify written notices of sale, then the general principles of contract law apply. Indiana law requires parties to act in good faith. Without specific terms, the seller may not be obligated to provide written notice. Consulting an attorney for personalized advice would be wise. Is there a specific concern or issue you are dealing with regarding this contract?
My problem is July 22nd I received a 10 day quit or pay notice but the sender (the seller) had Indiana Code (*-*-*-*) labeled at the top. If I’m not wrong doesn’t that only apply to Landlord / Tenant contracts rather than Seller / Buyer finance contracts in the state of Indiana?
Case Rating: *
You're correct that Indiana Code *-*-*-* typically applies to landlord/tenant relationships. Seller financing agreements usually follow contract law principles. If the contract details are unclear or misaligned, consulting a lawyer may clarify your rights and obligations. Would you like to know more about how to handle this situation?
I guess my question is since it does specify anything about written notices being required does Indiana State Law supersede that and requires the seller to provide me a Written certified mail notice of intent to resell as well as a Written certified mail initiation of resale notice before the seller can successfully pursue repossession / eviction.
Case Rating: *
In Indiana, if the contract is silent on notice requirements, general contract law applies. The seller must act in good faith, but specific written notice requirements may not be mandated unless specified in the contract. Consulting an attorney could provide clarity.
Is there anything else you'd like to explore about this situation?
ChatGPT says it’s required. Why would you say otherwise?
Case Rating: *
It seems like there might be some confusion. In Indiana, specific notice requirements for seller financing agreements are generally governed by the contract itself. If the contract doesn't specify these requirements, Indiana law doesn't automatically impose them, but the parties must act in good faith. Consulting an attorney for more detailed guidance is highly recommended. Is there anything else you would like to explore about this issue?
So I guess how should I treat the 10 day pay or quit since it’s improperly labeled?
Case Rating: *
If the "*-day pay or quit" notice is improperly labeled, you may want to address it with the sender, pointing out the incorrect application of Indiana Code *-*-*-*. This mislabeling might not invalidate the notice, but it could impact the interpretation of your obligations. Consulting with a local attorney could provide tailored advice.
Is there anything else you would like to explore about this situation?