By Martin Boyd
Following on from LKP’s Westminster meeting on commonhold last month, Guy Fetherstonhaugh, QC, has written an interesting article published in Estates Gazette.
Reproduced with its permission, the article highlights the relative merits of the commmonhold versus leasehold systems.
The arguments were those put to the meeting by Mr Fetherstonhaugh at the meeting.
It seems almost inevitable we are heading towards yet another leasehold bill at some point in the next five years. It will be needed to patch up the problems caused by the many existing acts.
Our hope is that commonhold is added to that thinking as an alternative system that might even work – and be kept under a single bill.
Neither system is ever going to produce a perfect world, but commohold seems to produce far fewer issues than those we face in the leasehold world.
Guy Fetherstonhaugh’s article reproduced in Estates Gazette can be read here:
As the old joke has it, when asked for directions to a particular place, the countryman replies, “Well, I wouldn’t be starting from here”. So too with methods of holding long-term interests in blocks of flats and other properties with shared common parts.