Sec. 551-102. - Definitions.
For the purpose of this chapter, the following terms, phrases and words shall have the meanings assigned to them by this section unless their use in the text of this chapter clearly demonstrates a different meaning. When not inconsistent with the context, words used in the present tense include the future tense, words used in the plural number include the singular number, words used in the singular number include the plural number, words in the masculine gender include the feminine gender and words in the feminine gender include the masculine gender. The word "shall" is always mandatory and not merely directory.
(a) Condominium means real estate formally submitted to the provisions of the Indiana Horizontal Property Law, as that act may be amended from time to time.
(b) Condominium instruments means the declaration bylaws and plats and floor plans of the condominium, together with any exhibits or schedules thereto, which the Indiana Horizontal Property Law requires to be filed in the office of the county recorder.
(c) Condominium unit means an enclosed space consisting of one (1) or more rooms occupying all or part of a floor or floors in a structure of one (1) or more floors or stories designed for residential use with either a direct exit to a public street or highway or an exit to a thoroughfare or to a given common space leading to a thoroughfare, together with the undivided interest in the common areas as that phrase is defined by the Indiana Horizontal Property Law.
(d) Conversion condominium means a condominium in which some or all of the units were occupied before the establishment of the condominium.
(e) Declaration means the declaration required to be filed in the office of the county recorder by the Indiana Horizontal Property Law in order to bring property within the provisions of that law.
(f) Developer means any person who submits property legally or equitably owned by him to the provisions of the Indiana Horizontal Property Law, including any successor to such developer's entire interest in the property.
(g) Person means an individual, firm, corporation, partnership, association, trust or other legal entity, or any combination thereof.
(h) Tenant means a person occupying, under an existing lease, a unit of a building located on property which has not been submitted to the provisions of the Indiana Horizontal Property Law. For the purposes of the right of first option given in section 551-202(b) hereof, "tenant" means a tenant who was a tenant on the date of the notice of intent and a tenant on the date he exercises his right of first option.
(Code 1975, § 15-17)
