At the beginning of the year, the government announced its plans to reform the leasehold system to put more power in the hands of leaseholders. So, what did the guidance include, how long might it take to become law, and what are the considerations for developers?
Legal experts say there is growing body of support for the move, but warn that commonhold is far from perfect form of home ownership.
Law Commission backs move that would offer alternative to landlord-controlled leaseholds
A way of buying flats or houses introduced 14 years ago - known as commonhold - has failed to take off, according to the Law Commission.
That is despite the fact that it could provide a much better alternative for those who have leasehold agreements.
The Conveyancing Association is calling for a review of property ownership tenures as part of its response to the leasehold reform consultation.
The Government consultation closed this week and one idea the trade body is advocating is replacing leaseholds with commonholds.
The commonhold alternative was introduced under the Commonhold and Leasehold Reform Act 2002.
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