Editing Commonhold (section)

==Nature of commonhold==

An important difference between commonholds and leaseholds (leases) is that a commonhold is indefinite in time, unlike a leasehold which is only granted for a fixed period of time (the term). As a consequence, a commonhold title is not a [[Depreciation|depreciating]] asset, whereas leaseholds lose value as the end of their term (''[[term of years]]'' or in extraneous documents sometimes ''existence'') approaches.<ref>{{cite news |url=http://property.timesonline.co.uk/tol/life_and_style/property/new_homes/article6286224.ece |archive-url=https://web.archive.org/web/20090517035225/http://property.timesonline.co.uk/tol/life_and_style/property/new_homes/article6286224.ece |url-status=dead |archive-date=17 May 2009 |title=Brief encounter: commonhold property |date=15 May 2009 |newspaper=[[The Times]] |first=Mark |last=Loveday}}</ref>