(b) is freed and discharged from any mortgage, charge, covenant charge,
writ or caveat affecting the land, and
(c) if the common property is land in
a freehold strata scheme--is freed and discharged from any lease affecting the
land immediately before registration of the plan or notice, other than a lease
that is necessary for the purpose of providing a service to the scheme.
(4) Subsection (2) does not affect a right or remedy that may be exercised
otherwise than in relation to common property by a person who is a mortgagee,
chargee, covenant chargee, lessee, judgment creditor or caveator, even if the
person signed or consented to the registration of the plan or signed the
notice creating the common property.