51Թ

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commonhold

/ ˈɒəˌəʊ /

noun

  1. a form of property tenure in which each flat in a multi-occupancy building is individually wholly owned and common areas are jointly owned
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

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The government said it wanted to move to a way of building homes that was more in line with the rest of the world, known as commonhold, where homeowners owned a share of and had control over buildings they lived in.

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A white paper published on Monday stated the sale of new leasehold flats would be banned and commonhold "reinvigorated" with a new legal framework.

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A draft Leasehold and Commonhold Reform Bill - including the detail of how the new system would work - will be published later this year, the government has said.

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Kasia said she would like more control over her service charges but the government's commonhold proposals were for new builds, so would not help her in her current situation.

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Under a commonhold system, residents would have more autonomy over what they pay and who they appoint to do maintainence, the government said.

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