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Reinvigorating commonhold – will it work?
In light of recent controversies and issues with the traditional leasehold ownership of properties, the Law Commission is pushing commonhold ownership as a viable alternative. Consultation paper In their Consultation Paper entitled Reinvigorating commonhold: the alternative to leasehold ownership the Commission outlines how commonhold ownership would work in practice. The paper closely examines what impact […]
continue readingGovernment trial for Reservation Agreements
The government recently announced a trial of home-buying reservation agreements. So, what does this mean? Home sellers face a significant risk of buyers dropping out at the last minute, potentially derailing their own move. This is a common problem. Naturally, this risk and the fear of being gazumped (outbid after accepting an offer) make many […]
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