In which year did the UK government launch the Commonhold Council?

Prepare for the TPI Leasehold Management Level 3 Test. Use flashcards and multiple-choice questions with hints and explanations for thorough understanding. Equip yourself today!

The UK government launched the Commonhold Council in 2021 as part of its efforts to improve the leasehold system and promote commonhold as an alternative that allows property owners to own their homes outright, rather than having a lease from a landlord. The establishment of the Commonhold Council reflects the government's commitment to reforming property ownership and addressing issues associated with leasehold, such as high ground rent and difficulties in managing leasehold properties. This initiative indicates a significant step toward modernizing property ownership in the UK, aligning with broader housing reform goals. The other years mentioned do not align with the official timeline of the Commonhold Council's formation.

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