The Commonhold and Leasehold Reform Act 2002 is a UK law aimed at improving the rights of leaseholders and promoting commonhold ownership. It allows leaseholders to extend their leases more easily and provides a framework for collective enfranchisement, enabling groups of leaseholders to buy the freehold of their building. This reform seeks to address issues of unfair practices in the leasehold system. Additionally, the Act introduces measures to enhance transparency and accountability in the management of leasehold properties. It requires landlords to provide clearer information about service charges and gives leaseholders greater control over their living conditions. Overall, the Act aims to create a fairer and more equitable housing system in the UK.