Legal Definitions - unit-ownership act

Definition: The Unit-Ownership Act is a law in a state that governs the ownership of condominiums.

Examples:

• A Unit-Ownership Act may require that a certain percentage of unit owners must agree to any changes made to the common areas of the condominium.
• Another Unit-Ownership Act may require that the condominium association provide certain disclosures to potential buyers before they purchase a unit.

These examples illustrate how the Unit-Ownership Act can regulate various aspects of condominium ownership, such as decision-making and transparency.