Indiana Code 32-25-8-15. Reservation of option not to expand; disclosure
Current as of: 2023 | Check for updates
|
Other versions
Sec. 15. If a declarant reserves an option in the declaration to not expand the condominium, the declarant shall:
(2) obtain and retain an instrument acknowledging receipt of that disclosure by the prospective buyer.
(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
Terms Used In Indiana Code 32-25-8-15
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
[Pre-2002 Recodification Citation: 32-1-6-15.5.]
As added by P.L.2-2002, SEC.10.