Commonhold: cheaper ownership, but who’s minding the building?
By Kerfuffle Editorial ·
The Government wants ownership to be cheaper and easier through commonhold reforms. Legal experts are looking at the questions around management, enforcement and insolvency.
Making ownership cheaper and easier sounds rather more appealing than chasing a solicitor for an update. But proposed commonhold reforms also raise some practical questions.
Legal experts are examining concerns around how commonhold properties would be managed, how rules would be enforced and what happens if insolvency becomes an issue.
So what for your branch? Keep an eye on the reforms and the management questions they leave open, before clients start asking you for the quick version between viewings.
Read the full story at Estate Agent Today.