Ind. Code § 32-25-8-15

Current through P.L. 171-2024

Section 32-25-8-15 - Reservation of option not to expand; disclosure

If a declarant reserves an option in the declaration to not expand the condominium, the declarant shall:

(1) make a full disclosure of that option to every prospective buyer in writing before the buyer enters an agreement to purchase a condominium unit; and

(2) obtain and retain an instrument acknowledging receipt of that disclosure by the prospective buyer.

IC 32-25-8-15

Pre-2002 Recodification Citation: 32-1-6-15.5.

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