Are you Looking for a Property Professional?

Your location

Barrister, Managing Agent, Surveyor or Solicitor?

 

Had a recommendation, or want to check if your practitioner is a member?


If you choose to complete our enquiry form, your data will be handled in accordance with ALEP's Privacy Policy (Updated May 2018). This can be found at the footer of each page or by clicking here.

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.

ALEP News

Have news to share?
Get in touch!
  • Monday 2 August 2021

    SAVE THE DATE! MONDAY 4 - THURSDAY 7 OCTOBER 2021 Don't forget to save the dates for this year's ALEP conference w… https://t.co/8ctxPLpABi

  • Friday 30 July 2021

    @thpsolicitors Congrats! Great to have you as members! #BestoftheBest

  • Thursday 29 July 2021

    Trust & Collaboration: ALEP and @KerryLondonLtd share the secret of a successful partnership A lot can change in t… https://t.co/EJqDMgn2ci

See more news