Commentary

12.5 The commonhold association: functions and control

COMMONHOLD vol 8(1)
| Commentary

12.5 The commonhold association: functions and control

| Commentary

12.5 The commonhold association: functions and control

The commonhold association is responsible for the running of the commonhold, notably the provision of services to the unit-holders and the collection of money to pay for those services. Control of the association rests ultimately with the unit-holders; of course while a development is being sold the developer will initially own all the units (and be able to exercise the votes allocated to the owners of those units). As sales progress its voting strength will diminish to the point at which it is no longer in control1.

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