The retention of yards, courts and other open space as well as the minimum lot area required for a building shall be the continuing obligation of the owner of such building or of the property on which it is located, as long as the building is in existence. No legally required yards, courts, other open space or the minimum lot area allocated to any building shall, by virtue of change of ownership or for any other reason, be used to satisfy yard, court, other open space or minimum lot area requirements for any other new, existing or enlarged building.