18(1)This paragraph applies in relation to a converted contract—
(a)which is a secure contract or periodic standard contract, and
(b)under which there are joint contract-holders who were tenants in common in equity immediately before the appointed day.
(2)The provisions of fixed term standard contracts mentioned in subsection (1) of each of sections 140, 141 and 142 (transfers) are terms of the contract, and subsections (2) and (3) of each of those sections apply accordingly.