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.

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