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ARTICLE · 06 MARCH 2025

Exciting Times: The Commonhold White Paper

Travers Smith LLP
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The Commonhold White Paper was published today, 3 March 2025. It contains the Government's proposals for legislating that all new flats, subject to certain unspecified exemptions, will be offered for sale under the commonhold model instead of the current leasehold model.

United KingdomReal Estate and Construction

The Commonhold White Paper was published today, 3 March 2025. It contains the Government's proposals for legislating that all new flats, subject to certain unspecified exemptions, will be offered for sale under the commonhold model instead of the current leasehold model. This article will summarise the White Paper and explore its potential impact on the real estate sector in England and Wales.

WHAT IS COMMONHOLD?

In a commonhold building, each owner owns the freehold of their unit. They are also the members of the commonhold association (the "CA"), which owns the freehold of the common parts of the building (such as the reception, roof, lift, corridors and garden) and is obliged to organise the repair, maintenance and insurance of these areas.

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