Part 1Commonhold

Commonhold unit

16 Transfer: effect

1

A right or duty conferred or imposed—

a

by a commonhold community statement, or

b

in accordance with section 20,

shall affect a new unit-holder in the same way as it affected the former unit-holder.

2

A former unit-holder shall not incur a liability or acquire a right—

a

under or by virtue of the commonhold community statement, or

b

by virtue of anything done in accordance with section 20.

3

Subsection (2)—

a

shall not be capable of being disapplied or varied by agreement, and

b

is without prejudice to any liability or right incurred or acquired before a transfer takes effect.

4

In this section—

  • “former unit-holder” means a person from whom a commonhold unit has been transferred (whether or not he has ceased to be the registered proprietor), and

  • “new unit-holder” means a person to whom a commonhold unit is transferred (whether or not he has yet become the registered proprietor).