What type of legislation is the 'commonhold and leasehold reform act'?

The 'Commonhold and Leasehold Reform Act' is primarily concerned with creating reforms in the leasehold system itself. This legislation was introduced to address various issues related to leasehold properties, including the need for more transparency and fairness in the relationship between leaseholders and freeholders. It aims to modernize the existing legal framework and provide leaseholders with greater control over their properties, which is essential for enhancing their rights and reducing the issues associated with the leasehold system.

The focus on reforming the leasehold system includes provisions that support the transition from leasehold to commonhold ownership models, which gives property owners more autonomy and rights, thus addressing long-standing concerns within the leasehold structure. By tackling the leasehold system's inherent issues, the Act embodies a significant step towards comprehensive reform, ultimately benefiting leaseholders.

While other options touch on aspects related to tenant and leaseholder rights, or regulations regarding property management, they do not fully capture the Act's primary intent to reform and overhaul the leasehold system specifically. The legislation is not solely focused on improving tenant laws or establishing management standards but is fundamentally about transforming how leaseholds function, making option C the most accurate representation of the Act's purpose.