Section 18

On authenticating the statement in Form F of the Schedule required to be contained in any file of the electronic register of subsidiary title, the Registrar shall make on the lease to the lot in question an entry to the effect that the file has been opened, and that the common property has been vested in the management corporation pursuant to section 23, and shall return the lease to that management corporation.

No entry shall thereafter be made either on the lease except one affecting the common property.

Upon the vesting of the common property in the management corporation pursuant to section 23, the lease in question shall be free from encumbrances.

Notwithstanding subsection (4), any existing charge, sublease or other encumbrances on such lease shall be carried forward to all the parcels or to only those parcels with written confirmation from the chargee, lessee or caveator, as the case may be.

The date of vesting of the common property in the management corporation under subsection (1) shall not prejudice the operation of the Building Management Enactment 2026 or any other law where the common property may be deemed as vested earlier or as

21

giving the management corporation custody over the common property.