(Owner, leased out)
The Apartment Ownership Act provides for the ownership of an individual apartment in a multi-storeyed building along with the ownership of an undivided interest in the common areas and facilities belonging to the building. It also outlines provisions related to the heritability and transferability of individual apartments.
'Apartment' refers to a part of a multi-storeyed building which may be used as a residence, or in some cases, as an office space or a space for carrying out certain occupations.
CHAPTER II- Ownership, Heritability and Transferability of Apartments, Section 4- Ownership of Apartments
CHAPTER II- Ownership, Heritability and Transferability of Apartments, Section 5- Apartment to be heritable and transferable
CHAPTER II- Ownership, Heritability and Transferability of Apartments, Section 6- Ownership of apartment subject to conditions
CHAPTER II- Ownership, Heritability and Transferability of Apartments, Section 7- Compliance with the covenants and bye-laws
CHAPTER II- Ownership, Heritability and Transferability of Apartments, Section 8- Right of re-entry
CHAPTER II- Ownership, Heritability and Transferability of Apartments, Section 9- Purchasers or persons taking lease of apartments from apartment owners to execute an undertaking
CHAPTER II- Ownership, Heritability and Transferability of Apartments, Section 11- Certain works prohibited
CHAPTER IV- Association of Apartment Owners and Bye Laws for The Regulation of the Affairs of Such Association, Section 15- Association of Apartment Owners and bye-laws relating thereto
CHAPTER IV- Association of Apartment Owners and Bye Laws for The Regulation of the Affairs of Such Association, Section 17- Disposition of property, destruction or damage
CHAPTER V- Common Profits, Common Expenses and Other Matters, Section 19- Common profits, common expenses and other matters
CHAPTER V- Common Profits, Common Expenses and Other Matters, Section 20- Apartment owner not to be exempt from liability for contribution by waiver of the use of the common areas and facilities.
CHAPTER V- Common Profits, Common Expenses and Other Matters, Section 21 Common expenses to be a charge on the apartment
CHAPTER V- Common Profits, Common Expenses and Other Matters, Section 22 Separate assessments
CHAPTER V- Common Profits, Common Expenses and Other Matters, Section 23-Joint and several liability of vendor, etc., for unpaid common expenses.
CHAPTER VI- Miscellaneous, Section 24- Act to be binding on apartment owners, tenants
CHAPTER V- Common Profits, Common Expenses and Other Matters, Section 25- Power to exempt stamp duty, registration fee and court fees and power to refund
Link to original regulation