WHEREAS, it is deemed necessary to implement other alternatives of urban land use in addition to plots basis urban land use to narrow the imbalance between the demand for any supply of housing;

WHEREAS, is recognized that the allocation of urban land to a high rise or a row of houses condominium building will contribute to maintain the beauty of the urban areas and to the improvement of urban land use and supply of housing through making great number of people benefit and commonly hold a small size of urban land;

WHEREAS, it is essential to the development of condominium to create favourable conditions, to private developers and co-operatives, which have a major contribution towards the development of condominium and also to purchase of units and to all others, which have a right, related to the condominium;

NOW, THEREFORE, in accordance with Article 55 Sub Article (1) of the Federal Democratic Republic of Ethiopia it is here by proclaimed as follows: