Ind. Code § 32-25-2-5

Current through P.L. 171-2024

Section 32-25-2-5 - "Common expenses"

"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.

IC 32-25-2-5

Pre-2002 Recodification Citation: 32-1-6-2(i).

As added by P.L. 2-2002, SEC.10. Amended by P.L. 2-2005, SEC.84.