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32-25-2-9. "Condominium unit"

IN Code § 32-25-2-9 (2019) (N/A)
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Sec. 9. "Condominium unit" means:

(1) an enclosed space:

(A) that consists of one (1) or more rooms occupying all or part of a floor or floors in a structure of one (1) or more floors or stories, regardless of whether the enclosed space is designed:

(i) as a residence;

(ii) as an office;

(iii) for the operation of any industry or business; or

(iv) for any other type of independent use; and

(B) that has:

(i) a direct exit to a public street or highway; or

(ii) an exit to a thoroughfare or to a given common space leading to a thoroughfare; and

(2) the undivided interest in the common elements appertaining to an enclosed space referred to in subdivision (1).

[Pre-2002 Recodification Citation: 32-1-6-2(c).]

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

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32-25-2-8. "Condominium instruments"
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