commonhold

British

/ ˈkɒmənˌhəʊld /

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The draft Leasehold and Commonhold Reform Bill includes plans to cap ground rent at £250, ban the sale of new leasehold flats and give homeowners greater control over how their buildings are managed.

From BBC

Instead, new flats will be sold as commonhold - where neighbours collectively own the ground their flats are built on as well as the building itself.

From BBC

The commonhold model is widely used across the world.

From BBC

However, it is not yet clear how existing leasehold properties will transition to the commonhold model.

From BBC

A government consultation on commonhold closes on 24 April.

From BBC

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023