Commonhold: The New Law

Part I of the Commonhold and Leasehold Reform Act 2002 introduces a new form of freehold ownership of units for multi-occupied property, both residential and commercial, and suitable whenever there are to be shared facilities in a community of freeholders. This legislation is one of the most significant reforms for residential and commercial property since 1925. Every professional involved in property work needs to have a clear understanding of this new development. Commonhold: The New Law is an introduction to the essential principles of the new legislation and addresses the immediate questions raised by this new Act, providing property practitioners with commentary on this new method of property ownership. It covers everything you need to know now in order to gain an understanding of the principles and policy to advise clients thinking about commonhold development.

Principles - definition and rationale; nature of commonhold; the commonhold unit; the commonhold association; the commonhold community statement; creating and registering commonhold; purchasing a commonhold unit; operation of a commonhold; resolution of disputes; termination.