Freeholders Commonhold

Commonhold is a new form of land tenure introduced by the Commonhold and Leasehold Reform Act 2002.
It is a way of owning flats or other structures which are built above or below each other as a freehold unit without the need to grant long leases.

A Commonhold company is set up which owns the freehold interest in the common parts and structure of the building and the unit holders own an interest in the company and also a commonhold unit in the property.

The legal relationship between the adjacent property owners is governed by the Commonhold Community Statement, which governs the legal obligations relating to maintenance and repair of the property. Whilst Commonhold was introduced by the Commonhold Leasehold Reform Act 2002, it has proved unpopular with developers and is not frequently encountered in practice.

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  • Thursday 25 August 2016

    Transform your T & Cs from your worst enemy into your best friend with Chris Glew @myleasehold & James Naylor @CGNaylorLLP at #ALEPconf

  • Wednesday 24 August 2016

    How do you value a Section 5? Mark Chick @section42 @BishopandSewell & @GaryCMurphy @allsopllp will debate this issue at #ALEPconf

  • Tuesday 23 August 2016

    John Midgley @seddons & Leigh Shapiro @trowers to discuss the #Leasehold Reform (Amendment) Act 2014 at #ALEPconf

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