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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.

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  • Tuesday 19 January 2021

    RT @katefaulkner: Check List : How to choose a leasehold legal expert https://t.co/P95nfsXdLH #property > Powered by @ALEPofficial https:/…

  • Friday 15 January 2021

    We are so pleased with the uptake of our virtual coffee break and unfortunately our session is now full. We plan… https://t.co/0i8PSJ22Pb

  • Monday 11 January 2021

    The ALEP Coffee Break is back for 2021! After the success of our first event in November, we are returning on Wedn… https://t.co/L9ebtEwFUz

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