The Law Commission’s long-awaited recommendations to transform home ownership in England and Wales are set out in three reports covering leasehold enfranchisement; exercising the right to manage in leasehold ownership; and reinvigorating commonhold.
Commonhold was introduced in 2002 and provides an alternative form of ownership to residential leasehold.
Government has previously acknowledged the problems associated with the use of leasehold, such as the disproportionate costs of lease extensions; poor value property management; inefficient sales process; and poor practices.
If implemented, the aims of the recommendations are to reinvigorate commonhold tenure as a “preferred alternative” to leaseho...
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