Taking control of retirement housing?

Houses

For most people ‘commonhold’ is an unfamiliar concept. In Australia it’s called the strata system and in the US they use the term condominiums or condos. In the UK, commonhold is still an elusive idea despite legislation designed to promote it (Leasehold and Commonhold Reform Act 2002), which has spectacularly failed to deliver. Since it came into force, a paltry 20 commonhold properties have been created. At the same time there are estimated to be 5 to 6 million residential leasehold premises in England.

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