Editing Commonhold (section)

{{Short description|Property ownership arrangement in England and Wales}}
{{Use dmy dates|date=April 2022}}
'''Commonhold''' is a system of property ownership in [[England and Wales]]. It involves the indefinite [[Freehold (law)|freehold]] tenure of part of a multi-occupancy building (typically a [[Apartment|flat]]) with shared ownership of and responsibility for common areas and services. It has features similar to the [[strata title]] system in [[Australia]], and [[condominium]] systems in the [[United States]]. Following a consultation by the [[Law Commission (England and Wales)|Law Commission]],<ref name="CriticalAppraisal">{{Cite book |last=van der Merwe |first=Cornie |title=Modern Studies in Property Law Volume 3 |last2=Smith |first2=Peter |publisher=Hart |year=2005 |isbn=9781841135588 |editor-last=Cooke |editor-first=Elizabeth |chapter=Commonhold—A Critical Appraisal}}</ref> it was introduced by the [[Commonhold and Leasehold Reform Act 2002]] as an alternative to [[leasehold]], and was the first new type of legal estate to be introduced in [[English law]] since 1925.<ref>{{cite news |url=http://news.bbc.co.uk/1/hi/business/3675612.stm |title=Commonhold property ownership explained |newspaper=[[BBC News Online]] |first=Paul |last=Neville |date=3 October 2005}}</ref>