Commonhold and Leasehold Reform Act 2002

The Commonhold and Leasehold Reform Act 2002 (c.15) is an Act of the Parliament of the United Kingdom. It introduced commonholds, a new way of owning land similar to condominiums, into English and Welsh law.[1][2]

Commonhold and Leasehold Reform Act 2002
Long titleAn Act to make provision about commonhold land and to amend the law about leasehold property.
Citation2002 c.15
Dates
Royal assent1 May 2002
Text of statute as originally enacted
Revised text of statute as amended

Commonholds were introduced to deal with the perceived unfairness of the existing leasehold system, and England and Wales being unique in not offering a legal option for ownership of common areas of shared buildings.[3][4] Commonhold ownership has not become popular,[5][6] and in 2018 the Law Commission launched a consultation into ways to expand usage of commonhold estates.[7][8]

See also

References
  1. "Commonhold property ownership explained". BBC News Online. 2005-10-03. Retrieved 2020-05-10.
  2. "Property ownership laws shaken up". BBC News Online. 2004-09-27. Retrieved 2020-05-10.
  3. Bachelor, Lisa (2001-06-19). "Labour's plans for property sector". The Guardian. ISSN 0261-3077. Retrieved 2020-05-10.
  4. "Pledge on overhaul of leaseholds". BBC News Online. 1998-06-10. Retrieved 2020-05-10.
  5. Bowcott, Owen (2018-12-10). "Expand 'commonhold' ownership system, government urged". The Guardian. ISSN 0261-3077. Retrieved 2020-05-10.
  6. "Commonhold tenure take-up low". 2005-10-29. Retrieved 2020-05-10.
  7. "Commonhold". Law Commission. Retrieved 2020-05-10.
  8. "Law Commission opens consultation on commonhold". The Law Society. Retrieved 2020-05-10.


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