To ask Her Majesty's Government what is the timescale for changes to commonhold arrangements in order to attract unit holders.
21 June 2021
In 2017 the Government asked the Law Commission to recommend reforms to reinvigorate commonhold as a workable alternative to leasehold, for both existing and new homes. The Law Commission published their report on commonhold, Reinvigorating commonhold: the alternative to leasehold ownership, on 21 July 2020. The Government is considering the report and will respond in due course.
The Government has established a new Commonhold Council as a partnership of industry, leaseholders and Government that will prepare homeowners and the market for the widespread take-up of commonhold. This will take time and close working with consumers and industry, and the Commonhold Council will be the critical first step of this.