A system of freehold tenure of a unit within a multi-occupancy building, but with shared responsibility for common services.
〈英〉(在多住户的建筑物内拥有一套住房并分担公共义务的)私有共有方式
as modifiera commonhold association
Example sentencesExamples
We could buy the lease, or take it over on a commonhold basis.
Homeowners with leasehold or commonhold properties will also need permission from the freeholder.
The commonhold system allows indefinite freehold ownerships of individual flats, houses and non-residential units within a building or estate.
A new way of owning property, commonhold, became law.
An additional hurdle for existing leaseholders is that they must gain agreement from the freeholder if they wish to convert from leasehold to commonhold.