Brazil — Historical Events Description

Brazil flag
Brazil
Event
Condominium and Real Estate Development Law Enacted
Category
Economic
Date
1964-12-16
Country
Brazil
Description

Law No. 4,591 regulated condominiums in buildings and real estate developments (incorporações imobiliárias). It set rules for how condominium ownership works and how developers can legally sell units in a planned building. This law became a key reference for Brazil’s real estate market and housing projects. It also shaped consumer protections and obligations in property development contracts.