For the first time since the 2002 Commonhold and Leasehold Reform Act, commonhold is formally back on the agenda.
The Law Commission announced today that it is to consider reforms starting with leasehold enfranchisement, commonhold and managing agent regulation.
Sir David Bean, chairman of the Law Commission, said:
“We are delighted to be able to confirm that Commissioners agreed
that a project on residential leasehold and commonhold should form part of the 13th Programme and this has been approved by the Lord Chancellor.
“Consultees suggested that we should examine numerous issues in residential leasehold law.
“Our project will commence with a review of leasehold enfranchisement, commonhold and managing agent regulation.
“Further issues raised by consultees may be considered at a later stage of the project.
“On the basis of receiving funding from the sponsoring Government Department, we expect to start work immediately.”