Commonhold: A New Way to Own Flats in England and Wales
/The government is moving towards a major reform in how flats are owned, with the goal of ending new leasehold ownership for flats altogether. The proposed alternative? Commonhold — a type of ownership that’s familiar in other parts of the world but still rare in the UK.
While the government is still consulting on the details, here's what we know so far.
What Is Commonhold?
Commonhold is a type of freehold ownership designed specifically for flats. Unlike leasehold, there’s no expiring term, no ground rent, and no third-party freeholder. Instead:
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