Part 1

Commonhold

Commonhold unit

Part–unit: charging
22
1
It shall not be possible to create a charge over part only of an interest in a commonhold unit.
2
An instrument or agreement shall be of no effect to the extent that it purports to create a charge in contravention of subsection (1).
3
Subsection (4) applies where—
a
land becomes commonhold land or is added to a commonhold unit, and
b
immediately before that event there is a charge over the land which could not be created after that event by reason of subsection (1).
4
The charge shall be extinguished by virtue of this subsection to the extent that it could not be created by reason of subsection (1).