Reservation of option not to expand; disclosure

Ind. Code § 32-25-8-15
in effect
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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. [Pre-2002 Recodification Citation: 32-1-6-15.5.] As added by P.L.2-2002, SEC.10.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/32Fetched: 10/17/2026

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