Horizontal Property Act

The Horizontal Property Act governs condominium-style ownership, allowing a property to be divided into separately owned apartments held alongside common elements that belong to all owners in common and cannot be partitioned. A regime is created by recording a master deed or lease together with plot and building plans identifying each apartment, and the property is then administered by a council of co-owners under bylaws that set the system of administration, allocate common expenses, and back unpaid assessments with a lien enforceable against the apartment and its later purchasers. The act further covers insurance, repair or reconstruction after fire or other damage, separate tax assessment of individual apartments, termination of the regime through waiver and merger, and the conversion of rental units to condominiums, including the notices, purchase offers, and disclosures owed to existing tenants.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.