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The sales literature says that the development is a commonhold.
The government is to review ways to make commonhold more appealing.
The answer to the leasehold problem is provided by commonhold.
The proposed Commonhold system would give flat buyers greater control over their homes.
Rather we believe that the ability to charge may be dependant on the nature of the Commonhold.
It should be said that take-up of commonhold has been painfully slow.
He also has the right to participate as a member in the "commonhold association" which is the statutory body of owners.
These problems simply won’t arise with a commonhold.
However, it will be possible, subject to various conditions, for leasehold schemes to convert to Commonhold.
Each flat would be owned as a freehold estate registered as commonhold.
August 2000 - The Government has issued the new Bill which will introduce commonhold.
Some useful publications available to download on conveyancing, enfranchisement and commonhold.
The body that will own and manage the common parts and facilities of the development will be called the commonhold association.
I know that commonhold has been in existence for about five years, but how has it fared to date, and what are the drawbacks?
There is nothing inherently problematic about a commonhold, provided that your conveyancing solicitor thoroughly understands it.
Part 1 of the Bill sets out the provisions for the new type of registered freehold title known as commonhold.
Another important point is that, whereas a lease has a finite length, a commonhold is indefinite.
The Government s proposals for Commonhold, whilst in something more than embryonic form, are nonetheless far from settled.
With Commonhold, there are no leases.
Introduction of new tenure of commonhold to facilitate communal management of buildings.
Commercial leases should be capable of being granted out of Commonhold units in commercial developments.
In the Saxon period commonhold land was often sliced into parallel strips known as 'Sceats'.
A reminder to solicitors recently arose out of a professional negligence case Property Commonhold or Leasehold?
Late last year, it published a consultative document that could pave the way for legislation to replace the leasehold system with an alternative called Commonhold.
Yet, in reality, commonhold is proving to be a dismally complex struggle often doomed to failure as legal complications, and vested property interests delay progress.