What is one primary objective of the 'commonhold and leasehold reform act'?

The primary objective of the 'Commonhold and Leasehold Reform Act' is to provide better protection for leaseholders. This legislation was established to address issues prevalent in the leasehold system, particularly concerning the rights and responsibilities of leaseholders. It seeks to empower leaseholders by enhancing their rights, making it easier for them to manage their properties and ensuring they are fairly treated by freeholders.

The act introduces various measures such as giving leaseholders greater control over decisions affecting their dwellings and improving transparency in the leasehold sector. This includes provisions for reducing ground rent and enabling leaseholders to extend their lease terms more easily. Overall, the intent is to promote fairness and protect the interests of those living in leasehold properties, which contrasts sharply with options focused on eliminating leasehold properties or increasing landlords' profitability.