Commentary

21 Registration of commonholds: general

COMMONHOLD vol 8(1)
| Commentary

21 Registration of commonholds: general

| Commentary

21 Registration of commonholds: general

There are two main situations in which a commonhold will be created. First, a developer as freeholder of vacant land or buildings may wish a new development to be commonhold, so that he can sell the individual units and leave the responsibility for ongoing maintenance and management to the commonhold association and the unit-holders. Secondly, where land or buildings are occupied, the freeholder and leaseholders, say of an existing block of flats, may wish to convert the development to commonhold to obtain the advantages of the commonhold system; conversion may take place after or instead

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