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Indiana Code Title 32. Property § 32-25-4-1

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 1. (a) If property is submitted to the condominium, each condominium unit owner is seized of:

(1) the fee simple title to;

(2) the exclusive ownership of;  and

(3) the exclusive possession of;

the owner's condominium unit and undivided interest in the common areas and facilities.

(b) A condominium unit may be:

(1) individually conveyed;

(2) individually encumbered;  and

(3) the subject of:

(A) ownership;

(B) possession;

(C) sale;  and

(D) all types of juridic acts inter vivos or causa mortis;

as if the condominium unit were sole and entirely independent of the other condominium units in the building of which the condominium unit forms a part.

(c) Individual titles and interests with respect to condominium units are recordable.

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Cite this article: FindLaw.com - Indiana Code Title 32. Property § 32-25-4-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-32-property/in-code-sect-32-25-4-1/

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