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.
المملكة المتحدة لبريطانيا العظمى وآيرلندا الشمالية · 2002-05-01