Commonhold and Leasehold Reform Act 2002

The Commonhold and Leasehold Reform Act 2002 is a pivotal piece of legislation in the United Kingdom’s real estate landscape, aiming to address issues surrounding leasehold tenure and introduce the concept of commonhold ownership. Here’s a detailed exploration of its key provisions and implications.

Introduction to the Act

Enacted to modernise and reform leasehold tenure, the Commonhold and Leasehold Reform Act 2002 introduced significant changes aimed at enhancing the rights of leaseholders and promoting the adoption of commonhold ownership, an alternative to traditional leasehold arrangements.

Key Provisions

  1. Right to Manage (RTM): The Act empowers leaseholders to take control of the management of their building through the Right to Manage (RTM) process. This allows leaseholders to form a management company and assume responsibility for services such as maintenance and repairs.
  2. Lease Extension: Leaseholders gained the right to extend their lease term by an additional 90 years under the Act, with ground rent reduced to zero. This provision aimed to provide leaseholders with greater security and flexibility regarding their property tenure.
  3. Collective Enfranchisement: The Act facilitates collective enfranchisement, enabling leaseholders within a building to join together and purchase the freehold of their property. This provision aims to empower leaseholders and promote greater control over their living environment.
  4. Introduction of Commonhold: One of the Act’s key innovations is the introduction of commonhold ownership, a form of property tenure where individuals own the freehold of their individual units within a multi-occupancy building jointly with other unit owners. Commonhold aims to provide a more equitable and sustainable alternative to leasehold tenure.


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Implications for Stakeholders

  • Leaseholders: The Act significantly enhances the rights and protections afforded to leaseholders, offering avenues for lease extension, collective ownership, and greater control over property management.
  • Landlords: Landlords are required to comply with the provisions of the Act, including granting lease extensions and facilitating collective enfranchisement where eligible leaseholders seek to exercise their rights.
  • Property Industry: The Act has far-reaching implications for the property industry, influencing property management practices, investment decisions, and the development of new residential schemes.

Also read, How lease extension works in the UK?


The Commonhold and Leasehold Reform Act 2002 represents a landmark legislative initiative aimed at modernising leasehold tenure and introducing innovative alternatives such as commonhold ownership. By empowering leaseholders and promoting greater control over property ownership, the Act seeks to create a more equitable and sustainable housing landscape in the United Kingdom.

Empower Your Property Journey with Expert Leasehold Extension Valuation Services

Are you navigating the complexities of leasehold extension valuation or confused with how lease extension works in the UK or considering a freehold purchase in Berkshire, the Home Counties, London, or Slough? Look no further. Our team of experienced Chartered Surveyors is here to guide you through every step of the process, ensuring clarity, accuracy, and peace of mind.

Why Choose Our Chartered Surveyors?

  1. Expertise: Our Chartered Surveyors possess a wealth of knowledge and expertise in leasehold extension valuation and freehold purchases. With years of experience in the industry, we’re equipped to handle even the most intricate cases with precision and efficiency.
  2. Personalised Service: We understand that every property situation is unique. That’s why we take the time to understand your specific needs and tailor our services accordingly. Whether you’re a homeowner, landlord, or investor, we provide personalised solutions to help you achieve your goals.
  3. Transparency: Transparency is at the core of everything we do. From the initial consultation to the final valuation report, we keep you informed and involved throughout the process. You can trust us to provide honest advice and clear explanations every step of the way.

Our Services

1. Leasehold Extension Valuation

  • Extending the leasehold on your property is a significant decision that requires careful consideration. Our Chartered Surveyors will guide you through the valuation process, providing accurate assessments and expert advice to help you make informed decisions about your leasehold extension.

2. Freehold Purchases

  • Interested in purchasing the freehold of your property or a collective freehold with other leaseholders? Our team can assist you in navigating the legal and financial aspects of freehold purchases, ensuring a smooth and successful transaction.

3. Property Consultancy

  • Beyond leasehold extension valuation and freehold purchases, we offer a range of property consultancy services to meet your needs. Whether you require property management advice, building surveys, or lease advisory services, our Chartered Surveyors are here to help.

Unlock the Value of Your Property Today

Don’t let uncertainty hold you back from maximising the value of your property. Whether you’re extending your leasehold, purchasing a freehold, or seeking expert property advice, our team of Chartered Surveyors is here to support you every step of the way.

Contact us today to schedule a consultation and take the first step towards unlocking the full potential of your property.

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Unlocking Your Leasehold Extension: Understanding Valuation

Are you considering extending the leasehold on your property? It’s a significant decision that requires careful planning and understanding, especially when it comes to valuation. In this guide, we’ll delve into the intricacies of leasehold extension valuation and introduce you to a valuable tool to assist you along the way.

Understanding Leasehold Extension Valuation

A leasehold extension essentially grants you the right to extend the lease term on your property. As your lease term decreases, the value of your property may diminish, making it crucial to extend the leasehold to maintain its worth.

Valuing a leasehold extension involves various factors, including the remaining lease term, property value, ground rent, and the discount rate used to calculate the lease premium. Additionally, any leasehold reforms or legislation in your region can impact the valuation process.

Introducing Our Free Online Leasehold Extension Valuation Calculator

To simplify the leasehold extension valuation process, we’re excited to introduce our free online Leasehold Extension Valuation Calculator by Leasehold Valuations. This user-friendly tool provides you with an instant estimate of the cost involved in extending your leasehold, helping you make informed decisions about your property.

Click here to access our Free Online Leasehold Extension Valuation Calculator

How to Use the Calculator

Using our Leasehold Extension Valuation Calculator is easy

  1. Enter Property Details: Start by entering essential details about your property, including location, and remaining lease term.
  2. Provide Additional Information: Input any relevant information, such as ground rent and property value.
  3. Get Your Valuation: With just a few clicks, receive an instant estimate of the cost of extending your leasehold.

Why Choose Leasehold Valuations?

At Leasehold Valuations, we’re dedicated to empowering property owners with the knowledge and tools they need to navigate leasehold extensions confidently. Our team of experts has extensive experience in leasehold valuation, ensuring accurate and reliable results.

Whether you’re a homeowner, landlord, or property investor, our Free Online Leasehold Extension Valuation Calculator is designed to streamline the valuation process and provide you with clarity on your leasehold extension journey.

Unlock the Value of Your Leasehold Today

Don’t let uncertainty hold you back from maximising the value of your property. Use our Free Online Leasehold Extension Valuation Calculator to take the first step towards securing your property’s future.

Who Owns the Land Under a Flying Freehold?

The term “flying freehold” refers to a scenario in property law where a portion of one property extends over or under another adjoining property. This often prompts inquiries regarding the ownership of the land beneath the suspended portion.

Understanding the Flying Freehold

A flying freehold arises when a section of one property encroaches upon the airspace of an adjacent property or is supported by it. Despite its unconventional terminology, the legal implications are firmly rooted in practical considerations of property rights and responsibilities.

Who Owns the Land?

In cases of a flying freehold, the land underneath the overhanging portion typically remains the property of the owner of the originating property. However, this does not confer unrestricted access or control over the neighbouring property. Legal agreements, such as licences or leases, may be necessary to address issues of access, support, and maintenance.

Navigating Complexity

While the concept of a flying freehold may seem straightforward, its practical implications can be complex. Disputes may arise regarding maintenance obligations, access rights, and alterations to the flying portion, requiring legal resolution and clarification.

Our Solution: Expert Guidance and Resources

Whether you are grappling with challenges related to a flying freehold or considering options for lease extension or freehold purchase, our team of Chartered Surveyors is equipped to provide expert guidance and support.

Book 10 Mins Free Consultation

Unlock Your Property’s Potential

For those seeking to calculate their lease extension premium, our complimentary online Lease Extension Calculator Tool offers immediate estimates, facilitating informed decision-making about the future of your property.

Unlock the full potential of your property with expert guidance from our team of Chartered Surveyors. Your property journey begins here.

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