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
Section 5- Apartment to be heritable and transferable
Section 8- Right of re-entry
Section 9- Purchasers or persons taking lease of apartments from apartment owners to execute an undertaking
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
Section 16- Insurance
Section 17- Disposition of property, destruction or damage
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.
Section 21 Common expenses to be a charge on the apartment
Section 22 Separate assessments
Section 23-Joint and several liability of vendor, etc., for unpaid common expenses.
Section 25- Power to exempt stamp duty, registration fee and court fees and power to refund
CHAPTER VI- Miscellaneous
Section 24- Act to be binding on apartment owners, tenants
Link to original regulation