What legislation regulates condominium operations in Ontario?

The legislation that regulates condominium operations in Ontario is the Condominium Act, 1998. This act establishes the legal framework for the creation, governance, and management of condominiums in the province. It outlines the rights and responsibilities of both condominium corporations and unit owners, covering aspects such as governance structure, financial management, and dispute resolution.

The Condominium Act, 1998 was specifically designed to address issues related to the unique nature of condominium living, including the shared ownership of common elements. It provides clear guidelines on how condominiums should operate, ensuring that all stakeholders comply with established protocols for maintenance, financial reporting, and community living.

In contrast, the other options do not specifically focus on condominium operations. The Property Management Act pertains to broader aspects of property management but does not dive into the specifics of condominium regulation. The Landlord-Tenant Act governs residential tenancies and does not apply to the legal framework of condominiums. The Real Estate Services Act deals primarily with real estate transactions and the conduct of real estate professionals, rather than the governance of condominium properties. Thus, the Condominium Act, 1998 stands out as the authoritative legislation for condominium management in Ontario.