Commonhold Community Statement—Parade of shops with flats above
Commonhold Community Statement—Parade of shops with flats above

The following Property precedent provides comprehensive and up to date legal information covering:

  • Commonhold Community Statement—Parade of shops with flats above

Commonhold and leasehold reform act 2002
Commonhold community statement
Of
[name of commonhold]
This document is important.
It creates legally binding rights and duties.
It is recommended that anyone affected by it should take appropriate advice.
Commonhold Community Statements must be in the form in Schedule 3 to the Commonhold Regulations 2004 (SI 1829), or a form to the same effect, and contain all the provisions in that form.This offers the significant advantage of standardisation and consistency which the leasehold system lacks.Commonholds can be wound up if 80% of the members agree.
However, other provisions relevant to the commonhold may be included in a Part, Section or Annex, but they must not be inconsistent (see paragraph 1.1.5). They must be identified as additions to the prescribed form. This is done by a including a heading immediately preceding the provision, which must include “additional provision specific to this commonhold” in the relevant Part or Section, continuing the numbering. In the case of an Annex, the heading must be inserted at the end of Part 4 followed by a numbered paragraph stating 'Additional provisions are set out in Annex [insert details]' with the Annex number. A paragraph must be inserted in Section 1.3 giving the number of the Annex and details of its contents. All additional provisions must
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