Commentary on the Sections: Part 1 Commonhold unit Section 12: Unit-holder
60.Section 12 provides a definition of the unit-holder designed to ensure that, during the gap between the completion of the sale or other transfer of the unit and the registration of that transfer at HM Land Registry, the person to whom the unit has been transferred is the person who is the unit-holder.  This is because, for that time, the person whose name appears on the register will still be the previous unit-holder.  However, from the moment of transfer, the new owner is the person entitled to be registered, and this section thus provides a definition which covers the gap.