Indiana § 32-25-2-5 "Common expenses"

Indiana Statutes

§ 32-25-2-5 — "Common expenses"

Indiana·Title 32 PROPERTY·Art. 25 CONDOMINIUMS·Ch. 2 Definitions

"Common expenses" means:

(1)all sums lawfully assessed against the co-owners by the association of co-owners;

(2)expenses of:

(A)administration;

(B)maintenance;

(C)repair; or

(D)replacement; of the common areas and facilities;

(3)expenses agreed upon as common expenses by the association of co-owners; and

(4)expenses declared common expenses by:

(A)this article;

(B)the declaration; or

(C)the bylaws. [Pre-2002 Recodification Citation: 32-1-6-2(i).]

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"Common expenses" means:
(1) all sums lawfully assessed against the co-owners by the
association of co-owners;
(2) expenses of:
(A) administration;
(B) maintenance;
(C) repair; or
(D) replacement;
of the common areas and facilities;
(3) expenses agreed upon as common expenses by the association
of co-owners; and
(4) expenses declared common expenses by:
(A) this article;
(B) the declaration; or
(C) the bylaws.
[Pre-2002 Recodification Citation: 32-1-6-2(i).]

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