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HomeBusinessReal EstateNew consultation on reforming leasehold and commonhold systems launched

New consultation on reforming leasehold and commonhold systems launched

The federal government is looking for perspectives on adjustments to strengthen larger use of commonhold, as a substitute type of homeownership to leasehold – together with for the ones in shared possession schemes in England.The commonhold style is already utilized in another international locations and gives a construction for house owners to jointly personal the development their flat is in from the outset, which the federal government says gives a better say on their development’s control, shared amenities and similar prices.

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