What is one outcome of the commonhold and leasehold reform act for leaseholders?

Prepare for the TPI Leasehold Management Level 3 Test. Use flashcards and multiple choice questions, each with hints and explanations. Ace your exam!

The commonhold and leasehold reform act significantly enhances the legal protections for leaseholders in their agreements. This legislation aims to address the disparities between freeholders and leaseholders by providing clearer rights and responsibilities, thereby ensuring that leaseholders are better safeguarded in their tenure arrangements. These legal protections can help leaseholders gain more control over their living situations, enabling them to navigate the complexities of lease agreements with greater confidence and security.

The other options do not align with the primary outcomes of the act. For instance, increased fees for lease renewal would not be a favorable outcome for leaseholders, as the act aims to alleviate financial burdens rather than exacerbate them. Similarly, while restrictions on subletting may exist in some circumstances, the reform does not impose new restrictions as a primary outcome. The option suggesting complete ownership of land goes beyond the intent of the act, which focuses more on improving the leasehold system rather than providing full ownership to leaseholders.

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