The Society of Licensed Conveyancers (SLC) has raised concerns about the Draft Commonhold and Leasehold Reform Bill, warning that rapid implementation of commonhold tenure could expose property owners to legal and practical risks. Whilst the industry body acknowledged that measures including ground rent caps, abolition of forfeiture for long residential leases and reformed estate rentcharge enforcement “represent meaningful progress and will provide tangible benefits to consumers”, it questioned whether the commonhold system is ready for large-scale deployment. System readiness questionedThe SLC stated that commonhold remains largely untested in England and Wales. The Draft Bill aims to make commonhold the default tenure for new flats and accelerate conversion of existing leasehold buildings, marking a significant shift in England and Wales property ownership structures. The concerns raised by conveyancers highlight potential implications for property transactions, mortgage availability and resale values during the transition period.