A right or duty conferred or imposed—
shall affect a new unit-holder in the same way as it affected the former unit-holder.
A former unit-holder shall not incur a liability or acquire a right—
Subsection (2)—
In this section—
"former unit-holder" means a person from whom a commonhold unit has been transferred (whether or not he has ceased to be the registered proprietor), and
"new unit-holder" means a person to whom a commonhold unit is transferred (whether or not he has yet become the registered proprietor).