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Law Commission publishes proposals to re-invigorate Commonhold

The Law Commission has published its consultation on the alternative to leasehold: Commonhold.

Professor Nick Hopkins, Commissioner at the Law Commission said:

Commonhold provides a once in a generation opportunity to rethink how we own property in England and Wales and offers homeowners an alternative system to leasehold.

“It involves a culture change, moving away from an “us and them” mindset, towards “us and ourselves”.

“We want to hear what people think of our proposals so we can be sure the commonhold system will work for homeowners and the wider property sector.”

The consultation paper sets out the full benefits of commonhold, including:

Proposals in the paper include:

Commonhold consultation events

The commission will be holding a number of consultation events across England and Wales. At these events, they will discuss some of their proposals and ask the public for their views. All those interested in commonhold are encouraged to attend and help shape the final recommendations for reform. Details of events will be available on the Commonhold project webpage shortly.

Next steps

The consultation is open until 10th March 2019 and comments may be sent using the online form. Where possible, it would be helpful if this form was used.

Alternatively, comments may be sent:

(If you send your comments by post, it would be helpful if, whenever possible, you could also send them electronically.)

The commission will publish its final report, and assist with the implementation of its recommendations, in 2019.

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LEASE is governed by a board, appointed as individuals by the Secretary of State for the Ministry of Housing, Communities & Local Government.