What is the primary legislation governing condominium management practices in Ontario?

The primary legislation governing condominium management practices in Ontario is the Condominium Management Services Act, 2015. This Act specifically outlines the requirements and standards for individuals and companies involved in the management of condominiums, including licensing, training, and the ethical obligations of condominium managers.

It was introduced to ensure that the management of condominiums is conducted by qualified professionals, thus protecting the interests of condominium residents and ensuring effective governance of these properties. The Act focuses on establishing a regulatory framework aimed at improving the professionalism within the condominium management industry.

The other options do not directly relate to the governance of condominium management practices. The Condominium Development Act, while relevant to the establishment of condominiums, does not regulate management practices specifically. The Residential Tenancies Act pertains to the regulation of residential rental agreements and tenant rights, and the Property Standards By-law deals with property maintenance standards but is unrelated to condominium management specifically. Therefore, the Condominium Management Services Act, 2015 is the correct answer as it directly addresses the regulatory framework for condominium managers in Ontario, enhancing the accountability and operational standards within the sector.