Indiana HOA & condo compliance, with the statute behind every deadline
Indiana regulates condos and non-condo HOAs under two separate laws — the Condominium Law (IC 32-25) and the Homeowners Associations Act (IC 32-25.5) — and they aren't twins. An Indiana condominium owes two unconditional mandates neither law's HOA counterpart carries: a replacement reserve fund and master casualty-and-liability insurance. GnomeOwner's compliance calendar tracks duties from both acts, and shows the exact statute sentence behind each one, not just a due date.
Indiana's HOA Act doesn't gate on a formation date the way most states do — it gates on whether the association charges mandatory dues. See the fact below.
Indiana's HOA law turns on mandatory dues, not just a formation date
Most states gate their HOA law purely on when the community was created. Indiana adds a second test: the full Homeowners Associations Act reaches “a homeowners association established after June 30, 2009, that is authorized to impose mandatory dues on the homeowners association's members” automatically — an older association is covered only if a majority of its members voted to adopt it. But a defined subset of the Act — records access, board-meeting attendance, and record-search-fee limits among them — reaches every Indiana homeowners association regardless of age or vote, so a small, uncovered HOA still owes a real floor of duties, never zero.
“A homeowners association established after June 30, 2009, that is authorized to impose mandatory dues on the homeowners association's members”
A few of the duties GnomeOwner tracks for Indiana condominium associations under the Condominium Law (IC 32-25) and non-condominium homeowners associations under the Homeowners Associations Act (IC 32-25.5)
Every deadline here shows you the exact sentence of the statute it comes from, so you — or your attorney — can check it in seconds.
Fund and maintain a replacement reserve fund
Ongoing — establish assessments using generally accepted accounting principles applied consistently, and include in them the establishment and maintenance of a replacement reserve fund; keep the fund in a separate interest-bearing account and use it only for capital expenditures and the replacement and repair of the common areas and facilities, never for usual and ordinary repairs.
“All sums assessed by the association of co-owners shall be established by using generally accepted accounting principles applied on a consistent basis and shall include the establishment and maintenance of a replacement reserve fund.”
Carry master casualty and master liability insurance
Ongoing — through the association, keep in force a master casualty policy (fire and extended coverage) in an amount consonant with the full replacement value of the improvements comprising the common areas and facilities, AND a master liability policy in the amount required by the bylaws or declaration (or as revised by the board).
“The co-owners, through the association of co-owners, shall purchase: (1) a master casualty policy, payable as part of the common expenses, affording fire and extended coverage in an amount consonant with the full replacement value of the improvement that in whole or in part comprises the common areas and facilities”
Let co-owners attend board meetings
Ongoing — let any co-owner attend any meeting of the board of directors, including the annual meeting; the board may meet in private only to discuss delinquent assessments, or with legal counsel to discuss pending or threatened litigation.
“A co-owner of the condominium is entitled to attend any meeting of the board of directors of the condominium, including the annual meeting.”
Make financial records and board minutes available to members
On a member's written request, make the association's financial records — including all contracts, invoices, bills, receipts, and bank records — and the minutes of board and annual meetings available for inspection; a reasonable copying fee may be charged only for a written copy the member requests.
“the financial records, including all contracts, invoices, bills, receipts, and bank records, of a homeowners association must be available for inspection by each member of the homeowners association upon written request”
Prepare an annual budget and put it to a member vote
Each year prepare an annual budget showing estimated revenues, expenses, and surplus or deficit; before the budget meeting give every member the proposed budget (or notice it is available free on request) and written notice of any resulting increase or decrease in the regular annual assessment; the budget must then be approved by a majority of the members in attendance at a meeting held under your governing documents.
Applies to an Indiana homeowners association established after June 30, 2009 that's authorized to impose mandatory dues, or an older association whose members voted to elect full coverage — an association that fits neither owes only the Act's always-owed duties (records access, board-meeting attendance, and a few owner protections).
“A homeowners association shall prepare an annual budget.”
Do not suspend a member's vote for nonpayment unless both conditions are met
Do not suspend a member's voting rights for nonpayment of assessments unless BOTH are true: the governing documents provide for suspension, and the assessments have been delinquent for more than six months.
Applies to an Indiana homeowners association established after June 30, 2009 that's authorized to impose mandatory dues, or an older association whose members voted to elect full coverage — an association that fits neither owes only the Act's always-owed duties (records access, board-meeting attendance, and a few owner protections).
“A homeowners association may not suspend the voting rights of a member for nonpayment of any assessments unless: (1) the governing documents provide for suspension; and (2) the assessments are delinquent for more than six (6) months.”
Every item above is drafted from Indiana’s statute text and shown beside the exact sentence it comes from — check any claim against the law’s own words. This page hasn’t had a full attorney review. Confirm anything you plan to act on with your own attorney or CPA; law as reflected here is current as of 2026-08-22.
Indiana questions we hear a lot
Does Indiana have one condo/HOA law or two?
Two, and Indiana's condominium law is submission-based rather than vintage-based — every condominium whose owners execute and record a declaration is governed by the Condominium Law (IC 32-25) the same way, with no formation-date ladder at all. A non-condominium Indiana HOA is governed by the separate Homeowners Associations Act (IC 32-25.5) instead, which this floor does not reach.
Does Indiana require condo reserve funds or insurance?
Yes, both are unconditional “shall” duties with no equivalent in Indiana's HOA Act. Every assessment “shall include the establishment and maintenance of a replacement reserve fund” held in a separate interest-bearing account (IC 32-25-4-4(c)) — the statute states no required percentage. Separately, the co-owners, through the association, “shall purchase” a master casualty policy sized to full replacement value plus a master liability policy (IC 32-25-8-9(a)).
Does Indiana's HOA Act cover every Indiana homeowners association?
Not automatically. The full Act reaches “a homeowners association established after June 30, 2009, that is authorized to impose mandatory dues on the homeowners association's members” — an older association is covered only if a majority of its members (or the higher percentage its own governing documents set) voted to elect in (IC 32-25.5-1-1). A defined subset of the Act — records access, board-meeting attendance, and a few owner protections — reaches every Indiana homeowners association regardless of that test.
Can an Indiana homeowners association attend board meetings and see financial records?
Yes — one of the duties that reaches every Indiana homeowners association regardless of age or election. On a member's written request, the association must make its financial records — “including all contracts, invoices, bills, receipts, and bank records” — and board and annual-meeting minutes available for inspection (IC 32-25.5-3-3(g)), and members may attend board meetings under the same section.
Is GnomeOwner's Indiana compliance calendar reviewed by a lawyer?
Every deadline on this page is shown beside the exact sentence of the statute it comes from — so you can check each claim against the law's own words, right here on the page. What this page hasn't had yet is a full attorney review. It's legal information, not legal advice: confirm anything you plan to act on with your own attorney.
Also covered: North Carolina, Nevada, Virginia, Arizona, Washington, South Carolina, Illinois, Oregon, Utah, California, Colorado, Texas, Georgia, Florida, New York, Michigan, Massachusetts, Ohio, Pennsylvania, New Jersey, South Dakota, Wyoming, Connecticut, Alaska, West Virginia, Vermont, Delaware, Alabama, Montana, Hawaii, New Hampshire, Idaho, Iowa, Kentucky, Louisiana, North Dakota, Maine, Nebraska, Rhode Island, Oklahoma, New Mexico, Kansas, Mississippi, Arkansas, Missouri, Wisconsin, Maryland, Minnesota, Tennessee. More states are added as their compliance calendars are built — see the full list.
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