000			01624cab a2200205 4500
001			L130850
008			050906n2005 000 0 eng u
035			_a(Sirsi) u130850
041	0		_aeng
100			_aFetherstonhaugh, Guy
245			_aSlow on the uptake
260			_c2005
490			_aEstates Gazette _v(0535) 3 September 2005, 104-106(3)
520			_aInvestigates why commonholds have not been taken up more enthusiastically by the housing world and volume builders in particular. Summarises the unsatisfactory aspects of freehold and leasehold, the alternative methods of owning property. Sees major legislative surgery being necessary if commonhold is not to be restricted to very small housing developments. Larger residential developments require a social housing element and social housing schemes are usually funded through shared ownership schemes. The Commonhold and Leasehold Reform Act 2002 and its regulations prohibit the combination of commonhold and leasehold by banning the creation of any residential lease in a commonhold for a term exceeding seven years and by requiring any existing leases in a development converting to a commonhold to be extinguished. Any developer of large residential developments will shun commonhold until this problem is resolved. Suggests a trust model might be developed to serve as an alternative structure for social housing schemes.
590			_aIKA130905
650			_aWILLIAMS V KILEY T/A CK SUPERMARKETS LTD
650			_aCOMMONHOLD AND LEASEHOLD REFORM ACT 2002
690			_aPROPERTY-RESIDENTIAL PROPERTY-COMMONHOLD RESIDENTIAL PROPERTY
942			_n0
999			_c75834 _d75834