Part I of the Commonhold and Leasehold Reform Act 2002 introduced a new form of freehold ownership for both residential and commercial multi-occupied properties such as blocks of flats, office blocks and mixed-use developments. Commonhold is the alternative to the traditional freehold/leasehold system. This book offers a succinct and authoritative guide to the law and practice of commonhold provided for by Part I of the Act and its supporting rules and regulations. The authors provide practical guidance on: the procedure for registration of commonhold land; drafting the commonhold community statement; setting up and running a commonhold association; termination of a commonhold; and the advantages of commonhold over the freehold/leasehold system. Commonhold is essential reading for practitioners who need to understand the legislation and the opportunities it brings to the property industry. It is especially helpful for practitioners who advise developers or purchasers of commonhold units. The Act, regulations, statutory guidance, professional rules and forms are included for ease of reference.
Publisher: The Law Society
Number of pages: 352
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