26Registration and effect of dealings

#### 26 Registration and effect of dealings 26 Registration and effect of dealings > > (1) As soon as practicable after accepting a dealing under section 25, the owners corporation must lodge the dealing evidencing the transaction for registration under the [Real Property Act 1900](/view/html/inforce/current/act-1900-025). > > > (2) The dealing must be accompanied by a certificate, in the form approved by the Registrar-General, under the seal of the owners corporation certifying that the owners corporation authorised the dealing by special resolution. > > > (3) If the dealing is a transfer of land, it may be registered only if a plan showing the transferred land and the original parcel as a single lot is registered under the [Conveyancing Act 1919](/view/html/inforce/current/act-1919-006). > > > (4) On the registration of an accepted lease or sublease, the leasehold interest becomes common property. > > > (5) On the registration of a transfer of land, the land becomes common property. > > **s 26:** Am 2021 No 10, Sch 3.21\[2\].