5.
| (1) Upon registration of a Condominium Plan the building depicted therein shall be deemed to be divided into the units in the manner provided in such plan and all rights, title and interest of the owners of the parcel shall vest in the designated owners of the units. |
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| (2) Notwithstanding anything to the contrary in any other law, but subject to the provisions of this Act, after the registration of a Condominium Plan, any unit depicted therein may be transferred, leased, mortgaged or otherwise dealt with in the same manner and form as any land registered under the Registration of Documents Ordinance. |
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Sri Lanka Consolidated Acts