<Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/15" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2002" Number="0015">Commonhold and Leasehold Reform Act 2002</Citation>

http://www.legislation.gov.uk/ukpga/2002/15/section/34/notesLand and premisesLeasehold housingLegislationProblems with neighboursHome ownershipExplanatory Notes to Commonhold and Leasehold Reform Act 2002Lord Chancellor's DepartmentKing's Printer of Acts of Parliament2020-04-20 <Citation URI="http://www.legislation.gov.uk/id/ukpga/2002/15" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2002" Number="0015">Commonhold and Leasehold Reform Act 2002</Citation> 15 1st May 2002 Commentary on the Sections: Part 1Commonhold association <CitationSubRef id="c00354" URI="http://www.legislation.gov.uk/id/ukpga/2002/15/section/34" CitationRef="c00001" SectionRef="section-34">Section 34</CitationSubRef>: Constitution 85 Section 34(1) makes provision about the type of company as mentioned above, and goes on to say (subsection (1)(a)) that one of the objects of the company must be to carry out the functions proper to a commonhold association in relation to specified commonhold land and (subsection (1)(b)) that the guarantee required of each member shall be £1. Subsection (2) brings Schedule 3 into effect.