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15Transfer

(1)    In this Part a reference to the transfer of a commonhold unit is a reference to the transfer of a unit-holder's freehold estate in a unit to another person—

(a)    whether or not for consideration,

(b)    whether or not subject to any reservation or other terms, and

(c)    whether or not by operation of law.

(2)    A commonhold community statement may not prevent or restrict the transfer of a commonhold unit.

(3)    On the transfer of a commonhold unit the new unit-holder shall notify the commonhold association of the transfer.

(4)    Regulations may—

(a)    prescribe the form and manner of notice under subsection (3);

(b)    prescribe the time within which notice is to be given;

(c)    make provision (including provision requiring the payment of money) about the effect of failure to give notice.

NOTES
Initial Commencement
To be appointed

To be appointed: see s 181(1).
Commonhold99 Real Property Law99 Commonhold Unit92 Landlord & Tenant99

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