Keywords
Citation
(2002), "Commonhold Bill receives Royal Assent", Structural Survey, Vol. 20 No. 4. https://doi.org/10.1108/ss.2002.11020dab.006
Publisher
:Emerald Group Publishing Limited
Copyright © 2002, MCB UP Limited
Commonhold Bill receives Royal Assent
Commonhold Bill receives Royal Assent
Keywords: Land tenure, Residential property
The Commonhold Bill received Royal Assent on 1 May 2002. The new legislation will enable flats to be owned on a virtual freehold basis. Although mainly designed for residential property, the Act also has implications for commercial property sub-divided into interdependent units. Similar tenure systems operate in America and Australia.