The paper analyses the development and novelties in the regulation of condominium property in North Macedonian property law and comparatively. It dissects the concept of condominium property adopted in contemporary property law and examines the need for its redefining so that it could meet the requirements of modern living.

The paper focuses on the practical issues in implementing the novelties in regulating condominium property in North Macedonian law that have been, to some extent, adopted from other legal systems, primarily from the laws of neighbouring countries. As the paper will elaborate, research has shown inconsistencies in regulating condominium property between the basic property law – the Law on Ownership and Other Real Rights and special laws such as the Housing Law. The research has also shown inconsistencies or lack of precise and comprehensive provisions in the Housing law itself. Noting the shortcomings in the regulation relating to condominium property the paper directs attention to necessary amendments of the regulation that can be instrumental in overcoming practical issues in the management of condominiums, protection of rights and interests of homeowners and third parties, and the extent of administrative and judicial intervention in these relations.