What is the status of Commonhold in the UK today?

The status of Commonhold in the UK today reflects a niche but vital aspect of property ownership, particularly in relation to leasehold reform. Although Commonhold was established as a form of ownership in the Commonhold and Leasehold Reform Act 2002, its uptake has been limited. Very few developments utilize the Commonhold system, which allows owners to have freehold title to their individual units while jointly owning the common areas with other unit owners.

In order to promote and facilitate a more widespread adoption of Commonhold, the UK Government initiated the Commonhold Council in 2021. This body aims to provide guidance and support to property developers and owners in understanding and implementing Commonhold ownership, highlighting a proactive government effort to make this form of property ownership more accessible and appealing.

While it has not become the predominant form of property ownership, as other forms like leasehold continue to dominate the market, the establishment of the Commonhold Council underscores a recognition of its potential benefits and a desire to encourage future developments under this model. This context is essential to understand why the assertion regarding the government's efforts aligns with the current status of Commonhold in the UK.