115 Development rights during the transitional periodDuring the transitional period the rights and duties conferred and imposed by the commonhold community statement are not in force1. Development rights are rights conferred on the developer by the commonhold community statement2, and it should follow that development rights are not in force during the transitional period. Yet, contrary to this literal reading of the legislation, the regulations made under the Commonhold and Leasehold Reform Act 2002 contemplate that a developer, where given the right in the commonhold community statement to appoint and remove directors, may exercise this right during the transitional
During the transitional period the rights and duties conferred and imposed by the commonhold community statement are not in force1. Development rights are rights conferred on the developer by the commonhold community statement2, and it should follow that development rights are not in force during the transitional period. Yet, contrary to this literal reading of the legislation, the regulations made under the Commonhold and Leasehold Reform Act 2002 contemplate that a developer, where given the right in the commonhold community statement to appoint and remove directors, may exercise this right during the transitional
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234