Commentary

32 Registration with unit-holders

COMMONHOLD vol 8(1)
| Commentary

32 Registration with unit-holders

| Commentary

32 Registration with unit-holders

On registration, where the application includes a statement of the units and unit-holders1, there is no transitional period and the commonhold becomes fully effective at once. Accordingly:

  1. 32.1

        the commonhold association is automatically registered as proprietor of the common parts2;

  2. 32.2

        any charge of the common parts is automatically extinguished3;

  3. 32.3

        any charge of part of a commonhold unit will be extinguished4;

  4. 32.4

        the persons named as the initial unit-holders are automatically registered as freehold proprietors of their respective units5;

  5. 32.5

        the rights and duties

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