Condominiums are established under laws known as what?

Condominiums are generally established under laws known as horizontal property acts, which specifically address the unique nature of ownership and management in multi-unit residential settings. Horizontal property acts provide the legal framework that defines how individual units within a condominium are owned, as well as how the common areas are managed collectively by all owners. This body of law is crucial for ensuring that the rights and responsibilities of individual unit owners are clearly outlined in terms of maintenance, usage of common areas, voting on community matters, and the establishment of condominium associations.

While unit ownership acts also pertain to properties like condominiums, they are not as widely recognized or commonly used in all jurisdictions compared to horizontal property acts. The other options—real estate development acts and property management acts—cover broader aspects of real estate transactions and management practices but do not specifically address the legal framework for condominium ownership and the associated community governance structure. Thus, horizontal property acts are the correct terminology for the laws governing the establishment of condominiums.