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§ 32-25-8-15 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 32 - Property/
  5. Article 25 - Condominiums/
  6. Chapter 8 - Administration of Condominiums32-25-8-1. Bylaws; Administration of Property/
  7. § 32-25-8-15
Indiana Legal Code

§ 32-25-8-15

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If a declarant reserves an option in the declaration to not expand the condominium, the declarant shall:(1) make a full disclosure of that option to every prospective buyer in writing before the buyer enters an agreement to purchase a condominium unit; and(2) obtain and retain an instrument acknowledging receipt of that disclosure by the prospective buyer.[Pre-2002 Recodification Citation: 32-1-6-15.5.]As added by P.L.2-2002, SEC.10.