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 new legislation and addresses the immediate questions raised by this new Act, providing property practitioners with commentary on this new 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.

David Clarke, Professor of Law, University of Bristol; Solicitor and former member of the Commonhold Consultation Working Group

• 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
• Development Rights
• Buing a Commonhold Unit
• Operation and Management of The Commonhold
• Dispute Resolution
• Termination of a Commonhold
• Commonhold - A Preliminary Assessment

Appendices

• 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

"excellent introductory text on commonhold ... an essential purchase for property practitioners"
The Conveyancer