Commonhold – The Alternative To Leasehold

If you are a Leaseholder of a KEW apartment this will be of interest to you.

The Law Commission is a statutory body, created by the Law Commissions Act 1965 (“the 1965 Act”) for the purpose of promoting the reform of the law.

Commonhold is an alternative form of property ownership which allows homeowners to own the freehold of their flats.

The Law Commission is engaged in a project relating to:

  1. reforming the right to manage, and
  2. reforming leasehold enfranchisement.

Current Public Consultations relate to these with the following closing dates:

  1. the one for leasehold enfranchisement ended on 7 January (we only just heard about it)
  2. the one for right to manage closes on 10 March

Further developments of these subjects will continue, so it is worth reading about as they could affect KEW Leaseholders in the future.

Read more here.

Content sourced by Rob Clancy

Above article by Geoff Caine

About Geoff Caine

This entry was posted in Advice to Residents, All the News. Bookmark the permalink.

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