Commonhold: The New Law
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Why should you buy Commonhold: The New Law
Part I of the Commonhold and Leasehold Reform Act 2002 introduces a new form of freehold ownership of units for multi-occupied property, both residential and commercial, and suitable whenever there are to be shared facilities in a community of freeholders. This legislation is one of the most significant reforms for residential and commercial property since 1925. Every professional involved in property work needs to have a clear understanding of this new development.
Commonhold: The New Law is an introduction to the essential principles of the legislation and addresses the immediate questions raised by this Act, providing property practitioners with commentary on this method of property ownership. It covers everything you need to know now in order to gain an understanding of the principles and policy to advise clients thinking about commonhold development.
Table of contents
Commonhold - The Rationale
The Nature of Commonhold
Creating and Registering a Commonhold
The Commonhold Association
The Commonhold Community Statement
The Commonhold Unit and Unit-Holders
Common Parts and Limited Use Areas
Buing a Commonhold Unit
Operation and Management of The Commonhold
Termination of a Commonhold
Commonhold - A Preliminary Assessment
Draft Memornadum and Articles of Association for a Commonhold Association
Draft Commonhold Community Statement For a Commonhold Association
Extracts from the Commonhold and Leasehold Reform Act 2002, Part 1