| Commentary

127.6 Conclusion

| Commentary

127.6 Conclusion

For these reasons it is considered that termination by way of a voluntary winding up involves risks that unit-holders may well find unacceptable. An alternative is for all the unit-holders to participate in the disposal or other exploitation of the commonhold, as they would do in a leasehold or non-commonhold freehold development. This alternative is admittedly cumbersome and requires unanimity. It does not, however, expose individual unit-holders to the liabilities of the association or of other unit-holders, and the agreement of each unit-holder is required as matters proceed1.

It is not possible to prevent a commonhold

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