Commonhold is a system of property ownership in England and Wales. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland It was introduced in 2004 by the Commonhold and Leasehold Reform Act 2002 as an alternative to leasehold, and is the first new type of legal estate to be introduced in English law since 1925. The Commonhold and Leasehold Reform Act 2002 is an Act of Parliament of the United Kingdom. Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time English law is the legal system of England and Wales, and is the basis of Common law legal systems used in most Commonwealth countriesand the [1]
It involves the freehold tenure of part of a multi-occupancy building (typically a flat) with shared ownership of and responsibility for common areas and services.
It is has features of the strata title and the condominium systems, which exist in Australia and the United States respectively. Strata title is a form of ownership devised for multi-level apartment blocks. A condominium, or condo, is a form of Housing tenure and other Real property where a specified part of a piece of real estate (usually of an apartment For a topic outline on this subject see List of basic Australia topics. The United States of America —commonly referred to as the
See also
References
External links
Dictionary
commonhold
-noun
- (England and Wales) the freehold tenure of part of a mulit-occupancy building (typically a flat) with shared responsibility for common services
Dapyx Software network: MP3 Explorer | Ebook Manager | Zenithic