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Part 2Conversion of certain leasehold conditions to real burdens

Conversion of conditions to burdens

19Conversion by agreement: effect

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

(a)sections 17(1)(b) and (c) and (6) and 18 are complied with, 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 17(4)(c) is the burdened property, and

(b)the land identified in pursuance of section 17(4)(d) is a benefited property.