Definition of commonhold in English:

Share this entry

commonhold

Pronunciation: /ˈkɒmənhəʊld/

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 association
More 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.

For editors and proofreaders

Line breaks: com¦mon|hold

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.