Commonhold Association

A Commonhold Association is a legal entity that manages and maintains shared areas of a multi-owner property, such as a block of flats or a housing estate. Each owner holds a freehold interest in their individual unit and collectively owns the common parts like hallways, gardens, and lifts. The association is responsible for making decisions, setting rules, and funding repairs for these shared spaces. This structure encourages collective ownership and responsibility, ensuring the property's upkeep and smooth operation while allowing owners to retain long-term ownership of their homes.