Very little appetite for a change in tenure
Language: English Series: Estates Gazette ; (0917) 2 May 2009, 98(1)Publication details: 2009Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L147396 (Browse shelf(Opens below)) | 1 | Available | 147396-1001 |
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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.