Estate Agents In York

Sunday, December 9, 2018

Expand 'commonhold' ownership system, government urged

Law Commission backs move that would offer alternative to landlord-controlled leaseholds

The rarely used “commonhold” system of home ownership should be expanded as an alternative to landlord-controlled leaseholds which are increasingly resented, the Law Commission is recommending.

In a public consultation launched on Monday, the government’s official adviser on law reform is calling for commonhold to become widely available because it permits anyone to own a freehold flat without the threat of a time-limited lease expiring.

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