Which law relates specifically to the ownership and rights of condominium units?

The law that specifically relates to the ownership and rights of condominium units is Republic Act No. 4726, also known as the “Condominium Act.” This legislation established the framework for the ownership and management of condominium properties in the Philippines. It defines the rights of unit owners, including their ownership interests in the common areas, and outlines the processes for establishing condominium corporations, which manage the operations and maintenance of the condominium as a whole.

This Act ensures that each unit owner has clear rights and responsibilities, and it provides guidelines for various aspects of condominium living, such as governance, use of common areas, and the association's powers. The clarity provided by this law is essential for resolving disputes and maintaining harmony among residents in a shared living space.

The other options pertain to different areas of property law. Republic Act No. 9514, for instance, relates to the Fire Code of the Philippines. BP 220 governs economic and socialized housing, while PD 957 addresses subdivision and townhouse projects. Each of these laws serves its unique purpose but does not specifically address condominium ownership and rights as RA 4726 does.