commonhold

/ ˈkɒmənˌhəʊld /

noun

1. a form of property tenure in which each flat in a multi-occupancy building is individually wholly owned and common areas are jointly owned

Example Sentences

Labour has promised to abolish leasehold altogether by the end of the Parliament and bring in a commonhold model.

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The government said it wanted to move to a way of building homes that was more in line with the rest of the world, known as commonhold, where homeowners owned a share of and had control over buildings they lived in.

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A white paper published on Monday stated the sale of new leasehold flats would be banned and commonhold "reinvigorated" with a new legal framework.

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A draft Leasehold and Commonhold Reform Bill - including the detail of how the new system would work - will be published later this year, the government has said.

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Kasia said she would like more control over her service charges but the government's commonhold proposals were for new builds, so would not help her in her current situation.

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