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.

From BBC

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.

From BBC

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

From BBC

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.

From BBC

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.

From BBC