Indiana Code 32-28-14-1. “Common expenses”
Current as of: 2023 | Check for updates
|
Other versions
Sec. 1. As used in this chapter, “common expenses” means:
(2) expenses of:
(1) all sums lawfully assessed against a subdivision by a homeowners association;
Terms Used In Indiana Code 32-28-14-1
- common expenses: means :
Indiana Code 32-28-14-1
- homeowners association: means all the owners of real estate in a subdivision acting as an entity in accordance with any:
Indiana Code 32-28-14-2
- subdivision: means the division of a parcel of land into lots, parcels, tracts, units, or interests in the manner defined and prescribed by a subdivision control ordinance adopted by a legislative body under IC 36-7-4. See Indiana Code 32-28-14-4
(A) administration;
(B) maintenance;
(C) repair; or
(D) replacement;
of subdivision common areas and facilities;
(3) expenses agreed upon as common expenses by a homeowners association; and
(4) expenses declared common expenses by the bylaws or another written instrument of a homeowners association.
As added by P.L.135-2007, SEC.3.