Recording declaration; contents
Sec. 1. (a) The owner of the land on which a condominium is
declared shall record with the recorder of the county in which the
land is situated a declaration. Except as provided in section 2 or 3 of
this chapter, the declaration must include the following:
(1) A description of the land on which the building and
improvements are or are to be located.
(2) A description of the building, stating:
(A) the number of stories and basements; and
(B) the number of condominium units.
(3) A description of the common areas and facilities.
(4) A description of the limited common areas and facilities, if
any, stating to which condominium units their use is reserved.
(5) The percentage of undivided interest in the common areas
and facilities appertaining to each condominium unit and its
owner for all purposes, including voting.
(6) A statement of the percentage of votes by the condominium
unit owners required to determine whether to:
(A) rebuild;
(B) repair;
(C) restore; or
(D) sell;
the property if all or part of the property is damaged or
destroyed.
(7) Any covenants and restrictions in regard to the use of:
(A) the condominium units; and
(B) common areas and facilities.
(8) Any further details in connection with the property that:
(A) the person executing the declaration considers desirable;
and
(B) are consistent with this article.
(9) The method by which the declaration may be amended in a
manner consistent with this chapter.
(b) A true copy of the bylaws shall be annexed to and made a part
of the declaration.
(c) The record of the declaration shall contain a reference to the:
(1) book;
(2) page; and
(3) date of record;
of the floor plans of the building affected by the declaration.
As added by P.L.2-2002, SEC.10.
Last modified: May 24, 2006