Could Commonhold Replace Leasehold?

about 2 months ago

What Is Commonhold?

Commonhold is a form of property ownership where flat owners collectively own and manage the building through a commonhold association.

Unlike leasehold, ownership is not time-limited.

Potential Benefits

Supporters of commonhold argue that it:

Gives residents greater control
Eliminates ground rent
Provides long-term ownership security

However, transitioning existing buildings into commonhold structures can be complex.

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