Expandable condominiums; addition of real estate
Sec. 13. (a) Subject to the declaration and this chapter, a declarant
may add additional real estate to an expandable condominium if an
amendment to the declaration required by subsection (b) is executed
in the manner described in section 3 of this chapter. The expansion
is effective when the instruments required by subsection (b) are
recorded.
(b) In expanding the condominium, the declarant shall:
(1) prepare, execute, and record amendments to the
condominium instruments; and
(2) record new plats and plans under IC 32-25-7-1 and
IC 32-25-7-4.
The amendment to the declaration shall assign an identifying number
to each condominium unit within the real estate being added and
shall reallocate undivided interests in the common areas and facilities
under IC 32-25-4-3.
As added by P.L.2-2002, SEC.10.
Last modified: May 24, 2006