Indiana § 8-23-17-26 Reimbursement of conveyance expenses, penalties, and real property
taxes

Indiana Statutes

§ 8-23-17-26 — Reimbursement of conveyance expenses, penalties, and real property taxes

Indiana § 8-23-17-26

Art. 23INDIANA DEPARTMENT OF

Ch. 17Relocation Assistance

This text of Indiana § 8-23-17-26 (Reimbursement of conveyance expenses, penalties, and real property taxes) 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 § 8-23-17-26 (2026).

Text

The acquiring agency, as soon as practicable after the date of payment of the purchase price or the date of deposit in court of funds to satisfy the award of compensation in eminent domain proceedings to acquire real property, whichever is the earlier, shall reimburse the owner, to the extent the agency head deems fair and reasonable, for expenses the owner necessarily incurred for:

(1)recording fees, transfer taxes, and similar expenses incidental to conveying the real property to the agency;

(2)penalty costs for prepayment of any preexisting recorded mortgage entered into in good faith encumbering the real property; and

(3)the pro rata portion of real property taxes paid that are allocable to a period subsequent to the date of vesting title in the agency or the effective date of posse

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The acquiring agency, as soon as practicable
after the date of payment of the purchase price or the date of deposit in
court of funds to satisfy the award of compensation in eminent domain
proceedings to acquire real property, whichever is the earlier, shall
reimburse the owner, to the extent the agency head deems fair and
reasonable, for expenses the owner necessarily incurred for:
(1) recording fees, transfer taxes, and similar expenses incidental
to conveying the real property to the agency;
(2) penalty costs for prepayment of any preexisting recorded
mortgage entered into in good faith encumbering the real
property; and
(3) the pro rata portion of real property taxes paid that are
allocable to a period subsequent to the date of vesting title in the
agency or the effective date of possession of the real property by
the agency, whichever is the earlier.