Which act regulates condominiums?

The Condominium Property Act is specifically designed to regulate the formation, management, and operation of condominium properties. This act provides the legal framework for how condominiums are developed and governed, outlining the rights and responsibilities of the unit owners as well as the duties of the condominium association. It covers essential aspects such as the establishment of common areas, the creation of bylaws, and the maintenance of the property, thereby ensuring that both individual owners and the collective interests of the condominium community are protected.

In contrast, the other acts mentioned deal with broader topics related to real estate and housing but do not specifically focus on condominiums. For example, the Real Estate Commission Act typically regulates real estate licensing and business practices rather than specific types of property ownership like condominiums. Similarly, the Land Use Act governs zoning and land use planning, which affects land development but does not pertain directly to the operation of condominium properties. The Housing and Urban Development Act focuses on housing development and policy initiatives but does not provide the specific regulations that govern condominiums. Therefore, the Condominium Property Act is the authoritative source for condominium regulation.