Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun England and Wales law The
freehold tenure of part of amultioccupancy building (typically aflat ) withshared responsibility forcommon services .
Etymologies
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Examples
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The documents required include: a statement summarising the terms of sale; evidence of title deeds; standard searches such as local authority enquiries, drainage and water searches; energy performance certificate; leasehold information where appropriate; commonhold information where necessary; a new homes warranty; and a home condition report.
January: Stagnant prices for majority of properties Thatsnews 2007
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However, there are still only a couple of hundred commonhold flats in Britain because the leasehold system offers far greater returns to landlords.
Latest news from the public and voluntary sectors, including health, children, local government and social care, plus SocietyGuardian jobs | guardian.co.uk Nigel Wilkins 2010
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Lease, a Government-funded leasehold advisory service for the public, recently admitted that commonhold "take-up [by individuals] appears to remain limited" and that it had received
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"To transfer a block [of flats] from leasehold to commonhold requires the consent of all parties with an interest in the block - the freeholder, all the leaseholders, and all their mortgage lenders," says Nigel Wilkins of the Campaign to Abolish Residential Leasehold.
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"To transfer a block [of flats] from leasehold to commonhold requires the consent of all parties with an interest in the block - the freeholder, all the leaseholders, and all their mortgage lenders," says Nigel Wilkins of the Campaign to Abolish Residential Leasehold.
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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.
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However, don't pin your hopes on commonhold status as an instant salvation, because an even more perilous path could lie ahead.
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However, don't pin your hopes on commonhold status as an instant salvation, because an even more perilous path could lie ahead.
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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.
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Lease, a Government-funded leasehold advisory service for the public, recently admitted that commonhold "take-up [by individuals] appears to remain limited" and that it had received
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