Uniform Common Interest Ownership Act

The Uniform Common Interest Ownership Act (UCIOA) is a model law that provides consistent rules for owning and managing properties like condominiums, cooperatives, and homeowner associations. It establishes clear guidelines for the creation, governance, and operations of these communities to promote transparency and protect owners' rights. Essentially, UCIOA aims to ensure that shared property interests are managed fairly, responsibly, and predictably across different jurisdictions, helping owners understand their rights and obligations while simplifying regulations for developers and managers.