Sec. 5. "Common expenses" means: (1) all sums lawfully assessed against the co-owners by the association of co-owners; (2) expenses of: (A) administration; (B) maintenance; (C) repair; or (D) replacement; of the common areas and facilities; (3) expenses agreed upon as common expenses by the association of co-owners; and (4) expenses declared common expenses by: (A) this article; (B) the declaration; or (C) the bylaws. [Pre-2002 Recodification Citation: 32-1-6-2(i).]
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