'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.
Indiana Legal Code