Sec. 6. The:
(1) common profits of the property shall be credited to; and
(2) common expenses of the property shall be charged to;
the condominium unit owners according to the percentage of the owners' undivided interests in the common areas and facilities.
[Pre-2002 Recodification Citation: 32-1-6-11.]
As added by P.L.2-2002, SEC.10.
Structure Indiana Code
Chapter 8. Administration of Condominiums
32-25-8-1. Bylaws; Administration of Property
32-25-8-3. Recording Instruments; Indexes
32-25-8-4. Sales and Management Offices; Model Units
32-25-8-5. Alteration or Structural Changes; Impairing Easements or Hereditaments
32-25-8-6. Common Profits and Expenses
32-25-8-7. Taxes, Assessments, and Charges
32-25-8-9. Insurance; Co-Owners
32-25-8-10. Insurance; Reconstruction of Building
32-25-8-11. Insurance; Reconstruction of Building; Insufficient Proceeds
32-25-8-12. Determination Not to Rebuild After Casualty or Disaster
32-25-8-13. Expandable Condominiums; Addition of Real Estate
32-25-8-14. Contractable Condominiums; Withdrawal of Land