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).] As added by P.L.2-2002, SEC.10. Amended by P.L.2-2005, SEC.84.