Members of our landlord and tenant and property litigation teams attended the ALEP Commonhold Lecture last week held at 11 Cavendish Square. The event was well attended and provided a historical overview of Commonhold and also discussed the reasons as to why (until now) this form of land tenure has not taken off. It certainly is a ‘watch this space’ item as the Law Commission are looking at ‘re-invigorating’ Commonhold and the government have also promised a review following the outcome of the recent consultation on tackling unfair practices in the leasehold market.
Mark Chick, and ALEP director and partner at Bishop & Sewell LLP commented as follows:
‘We have been involved in the response to the government consultation on reforms in the leasehold sector and a review of commonhold is long overdue. I can remember the enthusiasm that followed its launch in 2003 when the 2002 Act came into force. There are unfortunately a number of technical issues with Commonhold as it currently stands and the ALEP conference discussed these. We are looking forward to the Law Commission’s review of this area and to contributing to the discussions how to enact the proposals coming out of the recent government consultation.”