What Is a Commonhold Property?

Commonhold refers to a multi-occupancy building which comprises of a number of freehold units. Each flat collectively acts as a Commonhold Association which effectively takes responsibility for the maintenance and repair of the common areas.

With this new form of tenure introduced in the Leasehold Reform Act 2002, there is no superior freeholder. However, owners act to form a management company accepting the rights and responsibilities of a leaseholder. This can be beneficial to protect from greedy landlords and issues with short leases. and s a variant of freehold, created by the Leasehold Reform Act of 2002, which overcomes some of the worst aspects of leaseholds.

But, as with any form of community ownership, problems and conflicts still can arise.

Please discuss with a member of our team the pros and cons of each tenure.