Very little appetite for a change in tenure
Dowden, Malcolm
Very little appetite for a change in tenure - 2009 - Estates Gazette (0917) 2 May 2009, 98(1) .
Considers whether ownership of a commonhold unit is preferable to a lease because it is not a wasting asset. With reference to jurisdictions where commonhold regimes are well established, explains the possible lack of security where a majority vote can force a sale and terminate the commonhold. Highlights the potential risks for mortgagees and lenders. Assesses the effectiveness of commonhold community statements allowed under the Commonhold and Leasehold Reform Act 2002 s.47.
COMMONHOLD AND LEASEHOLD REFORM ACT 2002 S47
COMMONHOLD (LAND REGISTRATION) RULES 2004
England and Wales--1543-
Very little appetite for a change in tenure - 2009 - Estates Gazette (0917) 2 May 2009, 98(1) .
Considers whether ownership of a commonhold unit is preferable to a lease because it is not a wasting asset. With reference to jurisdictions where commonhold regimes are well established, explains the possible lack of security where a majority vote can force a sale and terminate the commonhold. Highlights the potential risks for mortgagees and lenders. Assesses the effectiveness of commonhold community statements allowed under the Commonhold and Leasehold Reform Act 2002 s.47.
COMMONHOLD AND LEASEHOLD REFORM ACT 2002 S47
COMMONHOLD (LAND REGISTRATION) RULES 2004
England and Wales--1543-