Commonhold and the Future of Flat Ownership

For decades, most flats in England and Wales have been owned on a leasehold basis.

The Government has announced plans to make Commonhold the preferred ownership model for flats, giving homeowners greater control over the management and operation of their buildings.  

What is Commonhold?

Under commonhold, flat owners own their property outright rather than holding a diminishing lease.

The owners collectively own and control the common parts of the building through a Commonhold Association.

There are no lease extensions, no ground rents and no external freeholder.  

How Temphis Can Help

Whether your building is considering Right to Manage, collective enfranchisement, resident control or a future transition to commonhold, Temphis can assist with:

• Building management
• Service charge administration
• Company administration
• Director support and governance
• Financial management
• Compliance management
• Contractor procurement
• Resident communications
• Long term maintenance planning

Is Your Building Suitable For Commonhold?

Commonhold reform is still evolving.

If you are a residents’ management company, RTM company, leaseholder group or freeholder, we can help you understand the potential implications and prepare for future changes in legislation.

Request a Free Initial Discussion

Speak with one of our directors to discuss whether commonhold may be appropriate for your building.