← Commonhold and Leasehold Reform Act 2002

Commonhold and Leasehold Reform Act 2002 s 29

s 29 New legal mortgages

(1) Section 28 shall not apply in relation to a legal mortgage if the creation of the mortgage is approved by a resolution of the commonhold association. (2) A resolution for the purposes of subsection (1) must be passed— (a) before the mortgage is created, and (b) unanimously. (3) In this section “ legal mortgage ” has the meaning given by section 205(1)(xvi) of the Law of Property Act 1925 (c. 20) (interpretation).

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