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Part 2Conversion of certain leasehold conditions to real burdens

Conversion of conditions to burdens

16Conversion by nomination: effect

(1)This section applies in relation to a qualifying condition where—

(a)an entitled person registers a notice in accordance with sections 14 and 15, and

(b)immediately before the appointed day the qualifying condition is still enforceable by the entitled person (or that person’s successor).

(2)On the appointed day, the qualifying condition becomes a real burden in relation to which—

(a)the land identified in pursuance of section 14(3)(c) is the burdened property, and

(b)the land identified in pursuance of section 14(3)(d) is a benefited property.