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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

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  • Friday 29 May 2020

    The long awaited ALEP quiz returns for our members - with a virtual pub quiz! Form a team and join from the comfort… https://t.co/hA9pr9cEOS

  • Friday 29 May 2020

    ALEP turns 13! This weekend, ALEP celebrates 13 years at the forefront of enfranchisement. To celebrate, we've put… https://t.co/9EvjtXxVZ4

  • Friday 29 May 2020

    Congratulations to Professor Nick Hopkins, who has been reappointed as Law Commissioner for property, family and tr… https://t.co/cxkflJMzph

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