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 commonhold, a new way of owning land similar to the Australian strata title or the American condominium, into English and Welsh law.^[1][2] Part 1 deals with commonhold and part 2 deals with leasehold reform. Some supplementary material is covered in part 3.^[3]

Commonhold and Leasehold Reform Act 2002

Act of Parliament
Parliament of the United Kingdom
Long title	An Act to make provision about commonhold land and to amend the law about leasehold property.
Citation	2002 c.15
Territorial extent	England and Wales
Dates
Royal assent	1 May 2002
Status: Current legislation
Text of statute as originally enacted
Text of the Commonhold and Leasehold Reform Act 2002 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.

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.^[4][5] It gives leaseholders the right to manage their properties more actively, by taking control of some rights otherwise held by the freeholder. Commonhold ownership has not become popular,^[6][7] and in 2018 the Law Commission launched a consultation into ways to expand usage of commonhold estates.^[8][9]

See also

• Leasehold estate
• Leasehold Reform Act 1967
• Leasehold valuation tribunal