32-28-14-1. "Common expenses"

IN Code § 32-28-14-1 (2019) (N/A)
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Sec. 1. As used in this chapter, "common expenses" means:

(1) all sums lawfully assessed against a subdivision by a homeowners association;

(2) expenses of:

(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.