Disclosure statement.
Indianapolis-Marion County Revised Code § 551-203
in effectSec. 551-203. - Disclosure statement.
The disclosure statement required to be delivered to each tenant by section 551-201(c) shall include the following information:
(1) The name, address and telephone number of the developer who proposes to submit the premises to the provisions of the Indiana Horizontal Property Law;
(2) A copy of a report from a qualified registered architect or licensed professional engineer describing the present condition and expected useful life of the roof, foundation, external and supporting walls, mechanical, electrical, plumbing, heating and structural elements and all other common facilities, together with an estimate of repair and replacement, at current market prices;
(3) A list of any outstanding notices of uncured violations of the building code, zoning or other municipal regulations, together with the estimated cost of curing those violations;
(4) An itemized common area expense budget providing the estimated cost of all operating, administrative, maintenance, repair and other expenses which are to be paid by the owners of condominium units on a pro rata basis;
(5) A statement of all current real property taxes and other assessments against the property, and the estimated amount of such taxes or assessments which will be payable by the unit owner;
(6) A statement of the initial offering price for the condominium to be sold and the terms and conditions for such sale;
(7) A statement of any available financing arrangements for a tenant.
(Code 1975, § 15-27)
Source: Consolidated City of Indianapolis and Marion County, Revised Code (Municode Library, library.municode.com)URL: https://library.municode.com/in/indianapolis_-_marion_county/codes/code_of_ordinances?nodeId=TITIIIPUHEWE_CH551CO_ARTIIPRRI_S551-203DISTFetched: 10/27/2026