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This Act, in relation to commonhold: defines the nature of commonhold; specifies the registration process; defines the commonhold unit and the transactions which may take place, such as transfer, leasing etc.; defines the common parts of a development and to regulate their use, maintenance, transactions, such as charging etc.; defines the form and content of a commonhold community statement; defines the constitution and operation of the commonhold association; etc. The second Part of the Act concerns a reform of leasehold; it redefines various obligations and rights of leaseholders. It also provides in relation with legal actions, defines jurisdiction of leasehold valuation tribunals etc.
Implemented by: Leasehold Valuation Tribunals (Procedure) (England) Regulations 2003 (S.I. No. 2099 of 2003). (2003-08-07)
Implemented by: Leasehold Valuation Tribunals (Procedure) (Wales) Regulations 2004 (S.I. No. 681 (W.69) of 2004). (2004-03-09)
Implemented by: Commonhold Regulations 2004 (S.I. No. 1829 of 2004). (2004-07-14)
Implemented by: Commonhold (Land Registration) Rules 2004 (S.I. No. 1830 of 2004). (2004-07-14)
Implemented by: Leasehold Valuation Tribunals (Procedure) (Amendment) (England) Regulations 2004 (S.I. No. 3098 of 2004). (2004-11-22)
Implemented by: Lands Tribunal (Amendment) Rules 2003 (S.I. No. 2945 of 2003). (2003-11-13)