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Indiana Code Title 32. Property § 32-21-14-3

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Sec. 3. As used in this chapter, “transfer fee covenant” means a declaration or covenant, however denominated and regardless of whether it is recorded, that:

(1) purports to affect an interest in real property located in Indiana;  and

(2) requires or purports to require the payment of a transfer fee to:

(A) the declarant;

(B) another person specified in the declaration or covenant;  or

(C) the successors or assigns of a person described in clause (A) or (B);

upon a subsequent transfer of the interest in real property.

Cite this article: - Indiana Code Title 32. Property § 32-21-14-3 - last updated June 08, 2021 |

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