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The Commonhold and Leasehold Reform Act 2001 will introduce a new form of freehold ownership of units in multi-occupied property, both residential and commercial. This legislation will result in the most significant reforms of residential and commercial property law since 1925 and every professional involved in property work should have a clear understanding of this new development.
This work addresses the immediate questions raised by this new Act, providing property practitioners with commentary on this new method of property ownership.