Commonhold was intended as a new model of ownership, to replace leasehold for residential owners. Yet is has spectacularly failed to take off.
The main reasons for this are known: a lack of support from funders - very few will lend against commonhold properties; and few incentives for developers.
Combined with the Government's proposed changes to leaseholds, which you can read about here, the Law Commission has launched an 8 week consultation process. The consultation seeks to canvass views on why the current system doesn't work.
You are invited to have your say, by submitting a response by 19 April 2018. Full details of how to participate are available here.
Since the Commonhold act came into force in 2004, only 20 commonhold developments have been created - with just one in London, and one in Manchester.