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Part I of the Commonhold and Leasehold Reform Act 2002 introduced a new form of freehold ownership for both residential and commercial multi-occupied properties such as blocks of flats, office blocks and mixed-use developments. Commonhold is the alternative to the traditional freehold/leasehold system. This book is a succinct and authoritative guide to the law and practice of commonhold provided for by Part I of the Act and its supporting rules and regulations.
The authors provide practical guidance on: the procedure for registration of commonhold land; drafting the commonhold community statement; setting up and running a commonhold association;and termination of a commonhold. "Commonhold: The New Law" is essential reading for practitioners who need to understand the legislation and the opportunities it brings to the property industry.
It is especially helpful for practitioners who advise developers or purchasers of commonhold units. Both Part I of the Act and extracts from the supporting regulations and statutory guidance are reproduced for ease of reference.