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

Indiana Statutes

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

Indiana·Title 32 PROPERTY·Art. 21 CONVEYANCE PROCEDURES FOR REAL·Ch. 14 Transfer Fee Covenants

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.

Indiana § 32-21-14-3 ("Transfer fee covenant") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.