Although such escheated property is owned by the Crown, it is not part of the Crown Estate, unless the Crown (through the Crown Estate Commissioners) 'completes' the escheat, by taking steps to exert rights as owner. However, usually, in the example given above, the tenants of the flats, or their mortgagees would exercise their rights given by the Insolvency Act 1986 to have the freehold property transferred to them. This is the main difference between escheat and bona vacantia, as in the latter, a grant takes place automatically, with no need to 'complete' the transaction.
although such escheated property is owned by the crown it is not part of the crown estate unless the crown (through the crown estate commissioners) 'completes' the escheat by taking steps to exert rights as owner however usually in the example given above the tenants of the flats or their mortgagees would exercise their rights given by the insolvency act 1986 to have the freehold property transferred to them this is the main difference between escheat and bona vacantia as in the latter a grant takes place automatically with no need to 'complete' the transaction