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Ind. Code § 32-25-8-15

Reservation of option not to expand; disclosure

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

Sec. 15. 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.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.