Definition of commonhold in English:

commonhold

Line breaks: com¦mon|hold
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.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day coloratura
Pronunciation: ˌkələrəˈto͝orə
noun
elaborate ornamentation of a vocal melody