What legislation governs various types of shared property ownership?

The Common Interest Ownership Act is the correct answer because this legislation specifically addresses the various types of shared property ownership, such as condominiums, cooperatives, and planned communities. It provides a legal framework for the management and operation of these shared interests, ensuring that owners have rights and responsibilities clearly defined. The Act includes provisions for governance, assessments, and the resolution of disputes among property owners, which is crucial in shared ownership scenarios.

In contrast, the Shared Ownership Act is not a recognized piece of legislation in this context, and therefore does not provide the necessary legal framework. The Condominium Act primarily focuses on the specific rules and regulations concerning condominium ownership, which, while relevant, does not encompass the broader spectrum of shared ownership types covered by the Common Interest Ownership Act. The Housing Cooperation Act pertains to cooperative housing but does not address all shared property ownership structures, making it less comprehensive than the Common Interest Ownership Act.