noun[mass noun] British
- A system of freehold tenure of a unit within a multi-occupancy building, but with shared responsibility for common services: [as modifier]: a commonhold associationMore example sentences
- The commonhold system allows indefinite freehold ownerships of individual flats, houses and non-residential units within a building or estate.
- An additional hurdle for existing leaseholders is that they must gain agreement from the freeholder if they wish to convert from leasehold to commonhold.
- Homeowners with leasehold or commonhold properties will also need permission from the freeholder.