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By: Contributor(s): Series: Estates Gazette ; (0250) 14 December 2002, 108(1)Publication details: 2002Subject(s): Summary: Explains the main issues surrounding the Commonhold and Leasehold Reform Act 2002 that the property industry should consider before it come into force in December 2003. Advises the industry to use the government consultation issued by the Lord Chancellor's Department to make known its views and influence the content of the regulations that will enact the details of the Act. Main areas of concern are weighted voting (especially in mixed developments), the limits on voting rights of mortgagees, leasing and possible future restrictions on existing commonholds, the inadequacies of the proposed insurance cover; the inadequate provisions for repair; service charge (commonhold assessment) and the lack of clarity over insolvency/termination of commonhold.
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Item type Current library Call number Copy number Status Barcode
Journal article London Journal article X121612 (Browse shelf(Opens below)) 1 Available 121612-1001

Explains the main issues surrounding the Commonhold and Leasehold Reform Act 2002 that the property industry should consider before it come into force in December 2003. Advises the industry to use the government consultation issued by the Lord Chancellor's Department to make known its views and influence the content of the regulations that will enact the details of the Act. Main areas of concern are weighted voting (especially in mixed developments), the limits on voting rights of mortgagees, leasing and possible future restrictions on existing commonholds, the inadequacies of the proposed insurance cover; the inadequate provisions for repair; service charge (commonhold assessment) and the lack of clarity over insolvency/termination of commonhold.