17Conversion by agreementS
This section has no associated Explanatory Notes
(1)An entitled person may, before the appointed day—
(a)serve notice on the tenant under the qualifying lease, that the entitled person seeks to enter into an agreement with the tenant under this section—
(i)prospectively converting a qualifying condition into a real burden,
(ii)prospectively nominating the qualifying land, or any part of it, as the burdened property in relation to such burden, and
(iii)prospectively nominating land mentioned in subsection (2), or any part of that land, as a benefited property in relation to such burden,
(b)subject to subsection (5), enter into such an agreement with the tenant, and
(c)register that agreement.
(2)The land referred to in subsection (1)(a)(iii) is land, other than the qualifying land, which—
(a)if the land is not subject to a qualifying or exempt lease, the entitled person is owner of, or
(b)if the land is subject to such a lease, the entitled person is tenant of under that lease.
(3)Where the entitled person holds the entitlement to enforce the qualifying condition otherwise than as landlord—
(a)the land referred to in subsection (2)(a) is the land to which the entitlement to enforce the condition attaches, and
(b)the lease referred to in subsection (2)(b) is the lease to which the entitlement to enforce the condition attaches.
(4)The notice referred to in subsection (1) must—
(a)be in the prescribed form,
(b)set out the title of the entitled person to enforce the qualifying condition,
(c)identify the land nominated as the burdened property,
(d)identify the land nominated as a benefited property,
(e)set out the terms of the qualifying condition, and
(f)set out the terms of any counter-obligation to the qualifying condition if it is a counter-obligation enforceable against the entitled person.
(5)If the entitled person and the tenant think fit they may, by the agreement, modify the qualifying condition or any counter-obligation to the qualifying condition if it is a counter-obligation enforceable against the entitled person (or both the qualifying condition and any such counter-obligation).
(6)An agreement mentioned in subsection (1)(b) must be a written agreement which—
(a)expressly states that it is made under this section, and
(b)includes all the information, other than that relating to service, required to be set out in completing the notice the form of which is prescribed under subsection (4)(a).
(7)This section is subject to section 36.