Commonhold came into existence in England and Wales in 2002 through the Commonhold and Leasehold reform act of 2002. This was a significant event in that it was the first type of new property ownership to be created since 1925. In short, Commonhold allows you to own the freehold title of a flat. The rest […]
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Whilst Commonhold is a legal form of property ownership, there are currently only 20 Commonhold developments in the UK. The Commonhold and Leasehold reform act of 2002 has a number of shortcomings, but it is Common Ground’s opinion that Commonhold can be a workable and, indeed, represent an improvement to the leasehold system by implementing […]
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The Law Commission report “Reinvigorating commonhold: the alternative to leasehold ownership” published on 21st July 2020 came up with 121 recommendations for Commonhold reform. Whilst the law commission report states that Commonhold could work alongside the leasehold system, it is Common Ground’s view that Commonhold should replace leasehold. Objectives of the law commissions’ 121 recommendations […]
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