"Condominium unit" means:

1. (1) an enclosed space:

   1. (A) that consists 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, regardless of whether the enclosed space is designed:

      1. (i) as a residence;
      2. (ii) as an office;
      3. (iii) for the operation of any industry or business; or
      4. (iv) for any other type of independent use; and

   2. (B) that has:

      1. (i) a direct exit to a public street or highway; or
      2. (ii) an exit to a thoroughfare or to a given common space leading to a thoroughfare; and

2. (2) the undivided interest in the common elements appertaining to an enclosed space referred to in subdivision (1).

   [Pre-2002 Recodification Citation: 32-1-6-2(c).]

As added by P.L.2-2002, SEC.10.