Sri Lanka Consolidated Acts

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Apartment Ownership (Amendment) Act (No. 45 of 1982) - Sect 6

Amendment of section 9 of the principal enactment. [ 6, 45 of 1982]

6. Section 9 of the principal enactment is hereby amended as follows ;
(1) by the repeal of subsection (1) of that section and the substitution therefor, of the following subsection:
"(1) Upon registration of the Condominium Plan, the Registrar shall enter a memorial in the land register on the volume and folio of the Condominium Property to the effect that a subsidiary register of Condominium Property has been created and each building depicted in the Condominium Property shall be deemed to be divided into units and identified therein and thereupon the common elements shall be held by the owners of all the units as tenants in common proportional to their respective share units and for the same term and tenure as their respective units are held by them. "; and
(2) by the insertion, immediately after the subsection (1) of that section, of the following new subsections :
"(1A) The Registrar on registration of the Condominium Plan shall certify therein the share which the owner of a unit has in the common elements.
(1B) The share value which each owner of a unit has in the common elements shall be given according to the user of such unit whether commercial or residential or otherwise, as the case may be. "


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