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Commonhold

Commonhold is a form of property ownership available in England and Wales, created in 2002 by legislation as an alternative to 'leasehold'.

Commonhold occurs in multi-occupancy buildings, typically flats, and consists of both individual freehold units and common parts. The units are individual freehold properties - flats, offices or shops. The common parts often include shared facilities such as the roof, stairs and landings, and there is shared ownership of and responsibility for maintaining these areas.