Indiana § 32-25-2-9 - "Condominium unit"

§ 32-25-2-9. "Condominium unit"

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.