Tag: Commonhold

Commonhold provides a structure for the ownership and management of separate, interdependent properties. It enables a person to own the freehold of their individual property such as an apartment (called a ?unit?) within a building or development and become a member of a ?commonhold association? which owns and manages the shared areas.

By enabling the freehold ownership of apartments within a residential block,
commonhold provides an alternative to leasehold.

Currently, residential leasehold, which is time expiring, is the main way of owning apartments in England and Wales.

Hopton Build (Yorkshire) Ltd are the only current builder offering commonhold andPioneering true home ownership for apartments.