000			01103cab a2200181 4500
001			##L131591
008			051117n2005 000 0 eng u
035			_a(Sirsi) u131591
041	0		_aeng
100	1		_aShepherd, Mark
245	0	0	_aLittle in common
260			_c2005
490		0	_aProperty Week _v70(43) 28 October 2005, 68-69(2)
520			_aSeeks to explain why UK property developers have failed to take advantage of the new commonhold legislation. This is in spite of the fact that building properties under the Commonhold and Leasehold Reform Act 2004, would free them from the responsibility of maintaining them once they are sold. Each unit holder is obligated to join a commonhold association, and thus take responsibility for building maintenance themselves. This scheme has been operating in Australia for 40 years and has proved to be very successful, but only five developments have been built since its introduction in the UK last year.
650	2	4	_aCOMMONHOLD AND LEASEHOLD REFORM ACT 2004
690			_aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY MARKET
942			_n0
999			_c76183 _d76183