Overall, we welcome the draft Commonhold and Leasehold Reform Bill, which, once implemented, will make a significant step towards replacing leasehold with commonhold and give homeowners greater control. The legislation also offers an opportunity for the government to introduce measures during this Parliament which will significantly improve all leaseholders’ experience of homeownership in the short-term. However, we are concerned that the government’s commitment to “bring the feudal leasehold system to an end” has left leaseholders with mixed expectations and understandings of what the draft bill will achieve. If passed, this legislation would not end leasehold overnight: many leaseholders will be unable to convert to commonhold; it may be several years before the use of commonhold is mandated; and some properties, for example shared ownership flats, will continue to be “permitted leases”. (Conclusion, Paragraph 238)