Indiana § 32-21-14-3 "Transfer fee covenant"

Indiana Statutes

§ 32-21-14-3 — "Transfer fee covenant"

Indiana § 32-21-14-3

Title 32PROPERTY

Art. 21CONVEYANCE PROCEDURES FOR REAL

Ch. 14Transfer Fee Covenants

This text of Indiana § 32-21-14-3 ("Transfer fee covenant") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 32-21-14-3 (2026).

Text

As used in this chapter, "transfer fee covenant" means a declaration or covenant, however denominated and regardless of whether it is recorded, that:

(1)purports to affect an interest in real property located in Indiana; and

(2)requires or purports to require the payment of a transfer fee to:

(A)the declarant;

(B)another person specified in the declaration or covenant; or

(C)the successors or assigns of a person described in clause

(A)or (B); upon a subsequent transfer of the interest in real property.

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As used in this chapter, "transfer fee
covenant" means a declaration or covenant, however denominated and
regardless of whether it is recorded, that:
(1) purports to affect an interest in real property located in
Indiana; and
(2) requires or purports to require the payment of a transfer fee to:
(A) the declarant;
(B) another person specified in the declaration or covenant; or
(C) the successors or assigns of a person described in clause
(A) or (B);
upon a subsequent transfer of the interest in real property.