Commentary

60 Alteration of the commonhold community statement

COMMONHOLD vol 8(1)
| Commentary

60 Alteration of the commonhold community statement

| Commentary

60 Alteration of the commonhold community statement

The disposal of part of a commonhold unit will require the amendment of the commonhold community statement1. The same amendments will be required if the unit is divided into two with a view to one of the newly-created units being transferred as a whole. The likely alterations include:

  1. 60.1

        an amendment in Annex 2 paragraph 4 of the description of the unit or units whose extent is being reduced and, if appropriate increased2;

  2. 60.2

        an amendment of the plan attached to the commonhold community statement3;

  3. 60.3

        an amendment (if appropriate) of the percentage

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