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16Transfer: 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).

NOTES
Initial Commencement
To be appointed

To be appointed: see s 181(1).
Commonhold Unit92 Real Property Law97 Commonhold97 Commonhold Community Statements92 Landlord & Tenant97

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