Nearly Legal: Housing Law News and Comment

Alas poor Commonhold…

Commonhold was introduced by the Commonhold and Leasehold Reform Act 2002 and, in essence, is a new way (i.e. not freehold or leasehold) for flat owners to collectively hold the building containing their flats. It’s not proved very popular, with only c.20 developments across England and Wales. By s.62, CLRA 2002, the government is empowered to give financial support to people or organisations with a view to promoting commonhold. In practice, it has done this by funding LEASE (leasehold advisory service).

That funding has just been stopped.

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