Indiana Code 5-1.2-7-21. Party wall agreements
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Sec. 21. A county and an authority that have entered into, or propose to enter into, a lease under this chapter may enter into party wall agreements or other agreements concerning the attaching of an addition to a hospital building, if the agreement is:
(2) recorded in the office of the recorder of the county in which the hospital is located.
(1) approved by the board of trustees or board of managers of the hospital; and
Terms Used In Indiana Code 5-1.2-7-21
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
An agreement may provide for an easement or license to construct a part of an addition over or above the existing hospital building.
As added by P.L.189-2018, SEC.25.