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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