Commentary

12.11 Unfamiliarity

COMMONHOLD vol 8(1)
| Commentary

12.11 Unfamiliarity

| Commentary

12.11 Unfamiliarity

Despite the commonhold system having existed for nearly 20 years, this form of ownership is new and unfamiliar compared to the leasehold system. This is evidenced by the lack of uptake of commonhold1. In important respects it is radically different from other forms of land ownership. How quickly it becomes more familiar following the various reforms2 will depend on the extent of its use by developers and its acceptability to purchasers and their lenders. It is envisaged that reinvigorating commonhold via new legislation will lead to more commonholds and therefore leading to better availability

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