Indiana Code Title 36. Local Government § 36-2-11-20

Sec. 20. (a) As used in this section, “contract” means an agreement for a seller to sell real estate to a purchaser that provides for the purchaser to pay the purchase price to the seller in periodic installments, with the seller retaining record title to the real estate and the purchaser acquiring equitable title to the real estate.

(b) As used in this section, “lease” means a lease of real estate by a lessor to a lessee, over a term that is specified in a written lease agreement in consideration of the lessee's promise to pay rent to the lessor as also specified in the written lease agreement.

(c) As used in this section, “lessee” means a tenant that is party to a lease with a lessor.

(d) As used in this section, “lessor” means an owner of real property or buildings or fixtures situated on real property that enters into a lease with a lessee.

(e) As used in this section, “real estate” means:

(f) As used in this section, “seller” means an owner of real estate that sells the real estate to a purchaser under a contract.

(g) A memorandum of a lease or a memorandum of contract may be recorded in lieu of the lease or contract itself if the memorandum is executed and acknowledged by the parties and contains:

(h) A memorandum recorded under this section may also contain any other agreement made between the parties in the lease or contract.

(i) A survey or plot plan may be used in lieu of a specific legal description to describe:

(j) As to the provisions contained in a memorandum recorded under this section, recording the memorandum has the same effect as recording the lease or contract itself.